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Komfie Manalo, Opalesque Asia:

The receding tension in the Korean peninsula benefitted Asian fund managers as hedge funds in the region lead the performers in September, data provider Eurekahedge said its monthly report.

The Eurekahedge Hedge Fund Index showed that Asia ex-Japan mandated hedge funds gained 1.35% last month with underlying Greater China hedge fund managers up 1.17% while India hedge fund managers retracted 0.20% over the same period. On a year-to-date basis, Greater China and India mandated hedge funds posted impressive gains, up 21.04% and 20.04% respectively.

The report said, "Among developed mandates, Japanese hedge funds posted a return of 2.01%, followed by North American and European counterparts which were up 0.89% and 0.85% for the month respectively. On a year-to-date basis, Japanese managers were up 9.13% followed by European and North American managers who posted gains of 5.89% and 4.23% respectively.

Across the industry, hedge funds were up 0.40% in September (+5.51 YTD), while underlying markets, as represented by the MSCI AC World Index (Local), gained 2.17% over the same period. Most regional mandates ended the month in the green as tensions on the Korean peninsula receded and the Japanese yen depreciated relative to major currency pairs. Across strategies, equity......................

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