Asia hedge funds tally the damage
HFR data shows that Asian hedge funds lost money in 2011, both from the market and from investor redemptions.
How bad was 2011 for Asian hedge funds? Well, hedge funds lost money. Again.
Although it’s hardly news that hedgies have struggled in the face of market volatility, new data from Chicago-based consultancy HFR shows the extent to which supposedly smart money has, in aggregate, failed in the face of tough conditions.
In short, 2011 was a stinker. But there were some pockets of success, and data from the fourth quarter suggests that some strategies are turning the corner.
Every A…
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