Sectors

Asian hedge funds among hardest hit in May

Date: 09 Jun 2010

All regional mandates ended in negative territory last month on the back of equity market volatility and euro-zone sovereign debt trouble. Hedge fund indexes for Eastern Europe & Russia and Asia ex-Japan sank the most, finds Eurekahedge.

Keywords (click to search): [Hedge funds] [Eurekahedge] [distressed debt] [long-short] [macro] [South Korea] [Thailand]

Leigh Powell

Asian hedge funds were among the hardest hit in May amid a global industry contraction on the back of equity market volatility and sovereign debt problems in the euro-zone.

Hedge funds globally sank an average of 1.88% last month, according to data provider Eurekahedge, reversing what had until then been a very positive start to the year.

Funds across all regional mandates ended the month in negative territory, with Eurekagedge’s Eastern Europe and Russia...

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