Dow Jones -Hedge funds in Asia excluding Japan were down almost 5% in May from April, according to Singapore-based hedge fund tracker Eurekahedge, amid a spat of negative headlines and sudden dips in the region’s markets.
The Eurekahedge Asia ex-Japan Hedge Fund Index declined 4.86% last month from April, and was down 3.15% year to date. This year’s rocky record contrasts with last year, when Asian hedge funds rose 38.08%, outpacing gains in other regions.
