Asian hedge funds wilt under August heat

Asian hedge funds had narrow losses of just under -1% in August amid market uncertainty, according to data providers, with regional performance roughly in line with global figures.  Asia ex-Japan strategies were down on average -0.13% in August, according to Eurkeahedge, compared to a -0.05% loss in the benchmark MSCI Pacific ex-Japan index.  In the first eight months of the year, regional managers have returned 3.1%. Japanese hedge funds – the strongest-performing region this y…