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From Sagar Chakraverty, Opalesque Asia:

On 5-Feb, PMA, Hong Kong-based one of Asia's leading hedge fund managers, announced its January results for its equity products - the Pathfinder Fund and the India Fund. The Pathfinder Fund, focussed on liquid positions in Asia Ex-Japan, was up 1.9% for January, while the India-focused fund returned 2.1% for the same month.

Kam Bahra, CEO of PMA, said: "This is a very strong start to the year. The Pathfinder and India funds both turned in stellar returns in comparison with their peers. Asian equity funds as a group saw an overall decline of 2-7% in January. Our outperformance this month is a testament to the depth of experience of our Equity team, and we are confident that we will sustain this momentum throughout the year."

The Eurekahedge Asia Long/Short Equity Fund Index was down 1.75% for the month, according to Bahra.

Asian equity markets According to PMA, Asian equity markets are already well established with a deep universe of liquid stocks available for investment with higher growth prospects in future as more companies enter equity markets.

However, a simple buy and hold approach may see partial returns that do not fully capture the potential in Asian equity markets. Fund managers at PMA believe that further opportunities are available through stock selection because Asian equity markets are inefficient.

The India fund The India fund was launched on 21-Oct-09, wit......................

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