Asia-Pacific funds


In a market rally fuelled by foreign buyers, hedge funds in the region were up, but less so than the indices. The Nikkei gained 7.57%, although the Japan long/short universe only returned 1.46% in yen terms. Asia inc-Japan also under-performed the index, only gaining 2.62% compared to a gain of 4.91% for the MSCI Pacific free net index. The Australian long/short universe outperformed its index by gaining 1.13%, compared to a gain of only 0.30% for the Australian All Ordinaries. The Asia ex-Japan universe also saw a positive return of 5.04% for May against a gain of 5.07%