Tough June climate puts Asian hedge funds largely in the red


The Asian hedge fund industry had a tough time combating the brutal markets in June, and funds in all but one market (India) registered negative median performances. Though, similar to May, some medians fared better than their corresponding benchmark indices.

The AsiaHedge Composite Index gave a flattish performance of -0.29%, comparing favourably with the -1.44% drop in the MSCI Pacific Free Net. Year-to-date, the AH Composite outperformed significantly, being down only 0.45% as compared to the benchmark index's -6.02% decline.

India was a market