China and India hedge funds see “impressive” gains

Hedge funds underperformed the MSCI AC World Index (Local) in February. Their gain of 0.99% compared to the index’s return of 2.72%.

Some of the more notable returns came from Asia ex-Japan-mandated hedge funds. Although these in aggregate gained 1.42% during the month, underlying Greater China and India hedge fund managers were up 2.77% and 2.86%, respectively.

On a year-to-date basis, these funds posted “impressive gains” of 5.52% and 6.64, said Eurekahedge, which publishes hedge fund performance data.

The Asia ex-Japan mandates contributed to an overall emerging market hedge fund return of 1.79% for February, with Latin America putting in a return of 2.76%.

So far this year, hedge funds overall have gained 1.93%, with 11% of them posting returns in excess of 5%.

The Eurekahedge Long Short Equities Hedge Fund Index gained 1.16% during the month with strength led by underlying equity long-bias hedge funds, which gained 2.11%.

©2017 funds europe

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