Good performance fails to stem hedge fund outflow

Asia ex-Japan hedge funds were the best performers in May, gaining an average of 2%, although managers from industry hotspot Japan saw a small loss of -0.15%, according to data provider Eurekahedge. Latin America was the only other region with a negative average return last month (-0.4%) while North American and European hedge funds registered respective modest gains of 1.06% and 0.9%. Although Japan’s slight dip marked the end to an eight-month run of positive returns, it is lo…