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From Precy Dumlao, Opalesque Asia:

Asian hedge funds were the most skilful at mitigating losses and outperformed their respective benchmarks from 2008 and 2009, according to GFIA’s latest paper “Emerging markets hedge funds review 2009.”

The Singapore-based financial advisor said that although emerging markets hedge funds (as measured by the HFRI Emerging Markets index) made a 37.4% loss for 2008, this was a significant outperformance compared to the benchmark, the MSCI Emerging Markets index which lost 54.5% in the same period. Notably, Asian hedge funds lost only around 17% in 2008.

Global markets rallied strongly in 2009 with the average emerging markets hedge fund outperforming the benchmark by 34.0%. Emerging markets experienced a rally of 74.5%, far outperforming the MSCI World index which made 31.5%. Asian hedge funds contributed with this rally finishing the year up roughly 18%.

Data released by HSBC Private Bank’s Alternative Investment Group last month suggested that a good number of Asia dedicated hedge funds ended 2009 on a positive note, but not as high compared with long-only alternatives.

As early as Oct-09, hedge fund tracker Eurekahedge said that the top Asia hedge funds had kept up their......................

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