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ASIAN HEDGE FUNDS PARE 1Q LOSSES AS JAPANESE YEN VOLATILITY SURGES
HFRI Asia ex-Japan Index posts strongest month since May 2009; Asian hedge fund capital falls to lowest level since 3Q 2013
CHICAGO, (May 6, 2016) – Asian hedge funds gained in March to conclude a volatile 1Q16, narrowing losses across all Asian regions and strategies from earlier in the quarter. The HFRX Japan Index gained +3.1 percent in March, leaving it down -1.9 percent for the year, though topping the Nikkei 225 as the Japanese Yen continued to surge against the US Dollar. Total Asian hedge fund capital declined to $111.9 billion (¥ 11.98 trillion Japanese Yen, 727.5 billion Chinese Renminbi) the lowest level since 3Q13, according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR, the established global leader in the indexation, analysis and research of the global hedge fund industry. Total hedge fund capital globally declined to $2.85 trillion (¥ 305.1 trillion Japanese Yen, 18.53 trillion Chinese Renminbi), as reported in the HFR Global Hedge Fund Industry Report, released last month.