Asia Hedge Funds Had Worst-Ever Start to Year, Eurekahedge Says
- Asia ex-Japan funds lost 6.6 percent until end of February
- Returns are also the worst among major global regions
An electronic chart shows the performance of the Ibex 35 index during the last twelve months at the Madrid stock exchange, also known as Bolsas y Mercados Espanoles, in Madrid, Spain, on Friday, Feb. 12, 2016. A rebound in banks helped lift European stocks from their lowest levels since 2013, trimming a second weekly decline.
Photographer: Antonio Heredia/BloombergHedge funds in Asia, which beat counterparts in the U.S. and Europe in 2015, are off to their worst annual start on record this year, as the region’s stock markets have plunged amid a dimming outlook for growth.
Asia hedge funds, excluding those that invest in Japan, fell 1.5 percent in February, bringing their loss for the first two months of 2016 to 6.6 percent, according to Singapore-based data provider Eurekahedge Pte. Apart from being the biggest drop ever for the first two months of the year, that’s also the worst start among the world’s major regions, Eurekahedge said. Hedge funds including those from Greenwoods Asset Management and Zeal Asset Management extended declines they suffered in January.