When Asia Pacific funds of funds on average returned -19.41% for all of 2008, Persistent Edge Asia Partners Master fund stands out from the crowd with a full year return of 4.2%. The fund, which is managed by Persistent Edge Asset Management in Singapore, was up 2.1% in December alone.
The multi-strategy fund, which focuses on managers investing in the Asia-Pacific region, covers managers in the global macro, event driven, arbitrage, equity long/short, and multi-strategy space. The top five positions make up 51.9% of the fund, which in total currently invests with 34 managers. Of the top five