Second-quarter returns reveal wide dispersal for Asia Inc Japan


June was a volatile month, rounding off a quarter which saw widely dispersed returns for hedge funds.

Matrix Asia Fund was up 1.6% during the month taking three-month figures to 10.48%, while the Greater Asian Hedge Fund's 2.6% month took three-month numbers to 9.77%.

Allard Investment Fund was up 2.8% to take three-month returns to 7.9% and Dalton Asia's 2.51% June left three-month numbers at 7.09%.

Pangolin Asia was up 6.32% on the month, taking three-month numbers to 6.44%. Doric Asia Pacific Small Cap was up 8.29%, putting three-month figures at 4.84%, and APS Asia Pacific was off by 0.5% to