Aside from China, which climbed strongly, October was a pretty mixed month for Asia-Pacific hedge fund managers.
Most China funds lagged in rising markets. The AsiaHedge China median was up 3.24% on the month compared to 6.4% for the MSCI China benchmark.
Elsewhere there was a tendency to outperform. India, down 7.2% in October, saw significant outperformance, with the AsiaHedge India median down just 1.07%. Australia, Japan and Asia including Japan all outperformed too. Asia excluding Japan was up 0.4% on the month compared to 0.5% for the MSCI Pacific ex-Japan index.
The AsiaHedge Composite median was slightly