Performance

Asia-Pacific hard hit hardest with most funds down

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Not surprisingly, Asia-Pacific was one of the regions hardest hit by the selloff during May. Nearly all funds in the sector were down. However, APAM Absolute Equity Asia was up 4.22%, leaving year-to-date numbers at -0.25%.

SPARX Asia Pacific was down 1.51%, taking year-to-date numbers to -1.64%, and Persistent Edge Asia Partners Master was off by 2.5%, taking year-to-date numbers to -1.9%.

3A Asia Fund was down 2.67%, leaving year-to-date numbers at -6.15%, while Stenham Asia fell off 2.99%, leaving year-to-date numbers at -0.83%. Man Long/Short Equity Asia was down 3.24%, leaving year-to-date numbers at -2.77%, and Turnstone Asia was