Key Trends in Asian Hedge Funds (August 2020)

The Eurekahedge Asian Hedge Fund Index was up 0.89% year-to-date as of June 2020, outperforming the underlying equity market as represented by the MSCI AC Asia Pacific IMI, which lost 7.18% over the same period. In 2019, Asian hedge funds registered 9.95% return, supported by the strong performance of the underlying equity market on the back of positive geopolitical development and accommodative central bank policies. Looking into 2020, the mandate suffered significant losses in the first quarter of the year owing to the COVID-19 outbreak, which originated in the province of Wuhan, China. The coronavirus was later declared by the World Health Organization (WHO) as a pandemic. The spread of the virus forced government authorities to impose lockdown that resulted in a temporary closure of non-essential businesses. The partial shutdown of economic activity pushed the unemployment rate higher, causing a global-wide massive sell-off in risk assets in February and March. The CSI 300 and Shan

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