The Nikkei was the performer in October, reporting a -0.48% loss, according to data from AsiaHedge/Bank of Bermuda.
The Japan long/short universe managed to contain the damage, but fared less well in absolute terms, dropping 0.22% on the month.
The data shows that all major strategies ended the month positively but under-performed their respective benchmarks. Australia long/short strategies remained the best performer this month again reporting a gain of 2.2% achieving a double-digit return of 13.97% for the year. Funds in emerging markets also gained 1.55%, ending with a performance of 12.40% over the past 12 months.
Hedge funds in Asia both including and excluding Japan advanced a modest 1.04% and 0.80% respectively in comparison to the MSCI benchmark. The Bank of Bermuda AsiaHedge Composite Index was relatively flat, with a performance of 0.48% bringing the year to date gain to 4.07%.