Asian Hedge Funds Enjoy October Bounce

Nov 14 2011 | 1:11pm ET

Asian hedge funds gave investors some hope in October in what has otherwise been a dismal year.

The average Asian hedge fund added 2.43%, which larger funds in the region outside of Japan did even better, rising 5.9%, according to Eurekahedge. It's the Asian industry's best start to a quarter in more than two years, and comes at a critical time, as investors mull whether to redeem in December.

Despite the October returns, most Asian hedge funds remain firmly in the red for 2011. The average fund lost 9% in the 12 months to September.

"Most Asian managers we speak to continue to be cautious and have preferred to take some pain on the upside rather than participate aggressively in the rally" in stock prices last month, AsiaHedge's Aradhna Dayal told Reuters.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...