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Alternative Market Briefing

Japan hedge funds best performers among Asia funds in August

Tuesday, September 15, 2015

Benedicte Gravrand, Opalesque Geneva:

The Eurekahedge Japan Hedge Fund Index was down -0.35% in August (+4.99% YTD), whereas the Eurekahedge Asia ex-Japan Hedge Fund Index returned -5.1% (+2.8% YTD) and the Eurekahedge Greater China Hedge Fund Index lost -8.5% (+1.04% YTD). The Japan index was the best Asia index performer. And among developed market investment mandates, Japanese and European managers lead with year-to-date returns in August, said Eurekahedge.

Comparatively, the HFRI Japan Index, which was down -2.1% in August (+7.1% YTD), was also HFRI’s best Asia index performer that month. The HFRI China Index, meanwhile, declined -7.55% (+0.30% YTD).

The Nikkei 225 is currently up around 3.90% YTD, at around 18,314. The TOPIX ($ hedged) was down 7.3% in August and up 9.5% YTD. The Topix index plunged 16% from mid-August through Tuesday last week, and short-term volatility jumped to the highest since the aftermath of the 2011 earthquake, reported Bloomberg. For most of the year, Japanese equity investors had enjoyed market calm, but the index was affected by China’s yuan devaluation on Aug. 10.

China funds caught by selloff Some China hed......................

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