Reuters – Asian hedge funds may have lost up to two-thirds of their year-to-date gains in May alone, with strategies such as macro and CTA, which bet on long-running market trends, hit hardest, said Matt Pecot, head of Credit Suisse’s prime broking unit in Asia-Pacific.
“It’s quite painful, especially through mid-May and then it got a little bit better, but still you are probably looking at people giving up two-thirds to a half of their year-to-date performance,” said Pecot.
