Asian Hedge Funds Hit Hard In May

Jun 9 2010 | 10:47am ET

This year, May stole April’s mantle as the cruelest month, at least for hedge funds. And few places felt that cruelty as acutely as Asia.

Asia ex-Japan hedge funds saw their modest 2010 gains erased last month, with a 4.86% drop leaving them down an average of 3.15%, according to early figures from Eurekahedge. By contrast, hedge funds globally shed only 1.88% and remain up 1.3% on the year. North American and Latin American hedge funds were May’s regional champions—which is not saying much, as hedge funds in those parts of the world lost an average of 0.92% and 0.87%, respectively.

On the other hand, Asian hedge funds easily topped the broader markets. The MSCI World Index had its worst-ever May (it launched in 1969), dropping nearly 10%. The Standard & Poor’s 500 Index shed almost 8% on the month.

And Asia hedge funds also have a long way to go before they prove a bad idea: Last year, the average Asian hedge fund soared 38.08%, according to Eurekahedge.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…