Asian markets saw strong gains through May. WF Asian Reconnaissance Fund was up an estimated 26.98%, bringing three-month numbers 58.37% while the Greater Asian Hedge Fund was up 20.76% to leave three-month figures at 53.34%.
Green Dragon Fund posted a 15.86% monthly gain to leave three-month numbers at 54.39%. The performance of the fund was particularly helped by Indian biofuels equipment manufacturer, Praj Industries, which rose 69%.
Pangolin Asia Fund was up 9.03% for May leaving three-month numbers at 50.71% and Doric Asia Small Cap's 23.20% month left three-month returns at 48.23%.
LG Asian Green Fund was up 15.8% for