September was a good month for Asian hedge fund managers, with medians rising respectably from flattish returns in August. However, the figures lagged against corresponding benchmarks that were lifted by rebounding regional markets. The AsiaHedge Composite median was up 2.64% last month, trailing behind the 7.62% gain in the MSCI Pacific Free Net.
Asia ex-Japan managers had the region’s best returns with 7.45%, but were overshadowed by the 12.96% rise in the MSCI Pacific ex-Japan. Similarly, Indian funds gained 6.31% against the Sensex’s 11.67% advance, while Asia inc-Japan was up 5.19%, versus the