Our Asian Hedge Fund Awards 2009 was a great success with over 200 industry professionals. Congratulations once again to all the winners of our 11 awards.

The industry witnessed its first net inflow of US$11.3 billion in 10 months and the largest amount of capital appreciation from performance (US$19 billion) in a year, for total growth of US$30.3 billion.

The Eurekahedge Hedge Fund Index was up 5.4% in May, registering its best monthly return in almost a decade.

The Eurekahedge Fund of Funds Index outperformed the S&P 500 by 19% in 2008, despite record redemptions during the year.

During the ongoing financial crisis, one risk metric that has received much criticism is VaR. Angus Hung and Michael Langton put this into context and advise on how to get the best from risk metrics.

Jason Scharfman provides some guidelines for investors and hedge fund allocators to determine the scope and scale of their due diligence process.

“Opportunity in Adversity” appears to be the phrase of the day for most businesses. This article discusses emergent key trends in India due to the current financial circumstances and a shift in risk appetites.