Asia hedge funds lag behind global average

The world's fastest economic growth is not helping Asia's hedge funds.

The Eurekahedge Asian index, which tracks 395 hedge funds, returned 1.6 per cent to August 31, the worst performer among regions and about half the 3.2 per cent gain by the global benchmark.

Funds have been hampered by a concentration on Asian equities, which have been driven more by Europe's debt crisis and China's slowdown than by company fundamentals such as earnings. The MSCI Asia Pacific Index has climbed 8.2 per cent this year, compared with the 13 per cent gain by the MSCI World Index.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1047180/asia-hedge-funds-lag-behind-global-average