Optimism grows over Asia's recovering hedge fund sector

Favourable recent Asian hedge fund performance has spurred hopes of a better year ahead as the industry contends with a drop in assets on the back of disappointing 2011 returns. The Eurekahedge Asia ex-Japan Hedge Fund Index gained 11.5% in 2012, falling slightly behind MSCI Asia ex-Japan’s 19.4% rise. However, it represents a huge improvement from 2011, when Asian hedge funds delivered an average loss of -12%. Event-driven was the best performing strategy in the region, with …