Funds of funds outpace single manager counterparts in Asia

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Asia was one of the beneficiaries of the resurgence in risk assets during September: the InvestHedge fund of hedge funds median for this category was up 2.66%, just outpacing the AsiaHedge single manager composite, which was up 2.64% for the month and 3.31% for the year to date. That said for the year, Asian funds of hedge funds are only up 0.15%. Funds of funds with Japan exposure have benefited from positions that took advantage of the yen’s strength, due to less monetary accomodation, and continued to rally in September.

Van Biema Global Value Fund was up 7.06%