Less China, more India make Singapore hedge funds Asia’s best

SINGAPORE (Sept 21): Singapore-based hedge funds outperformed Asian rivals during the first seven months of the year thanks to a greater focus on India and global markets, according to data provider Eurekahedge.

Funds headquartered in Singapore returned 2% through July, while Hong Kong-based funds declined an average 2.3%, Eurekahedge said in a report Tuesday. Funds based in Australia rose 1.9%, while Japan-based funds declined 2.5%, the report said.

While the majority of funds based in Hong Kong and Japan invest in Chinese or Japanese stocks, where markets have posted steep losses this year, Singapore has more funds with a global mandate or an India focus, according to Eurekahedge. Australia-headquartered funds mainly invest in global equity long-short strategies, which didn’t do well until August.

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