ValueWalk – Asian Hedge Funds continue to dominate the top listings of HSBC Holdings plc’s weekly hedge fund performance report, while systematic names that dominated last year’s rankings have been generally finding difficulty in May along with some top names. William Ackman’s Pershing Square is tops among activists in the ranking, but the HSBC category is lagging the S&P 500 thus far this year.
Half of the top ten best performing hedge funds year to date have a focus in Asia, with a particularly large exposure to China. The top performing fund, the Quam China Focus Segregated Portfolio, is up 45.78 percent year to date, more than ten percent ahead of Alexander Branis’ $717 million second place Russian Prosperity Fund. As previously reported in ValueWalk, the Chinese and to a lessor extent Japanese market has taken off recently and the Russian market has rebounded off what some fund managers had called a sanctions-led bloodletting low.
