August proves a challenge for managers and markets alike


Asian hedge fund medians were relatively flat in August – a difficult month for managers and markets alike – but the industry generally fared better than the corresponding benchmarks, which were mostly in negative territory. While the AsiaHedge Composite Index was down -0.18% last month, it was a smaller drop than the -2.17% fall in the MSCI Pacific Free Net.

China equity funds gained a respectable 0.59%, compared to the 0.05% rise in the China Shanghai Composite Index and a fall of -2.75% in the MSCI China. Meanwhile, Indian funds returned 0.80%, closely