About 64% of all U.S. hedge funds were down for the year as of October. European-focused funds come in at the same range - with nearly 63% in the red - while they both bested their counterparts in Asia, where nearly 82% of all funds are down.
Asian-based funds have been the most frequent losers throughout 2008. A month-by-month analysis of HedgeFund Intelligence's Absolute Return, AsiaHedge and EuroHedge databases shows that in nine of the year's first 10 months, funds in the AsiaHedge database suffered the broadest monthly declines. Only in April did a higher percentage of European