Outflows continue from Asia hedge funds

Seven straight months of outflows this year have resulted in Asia-focused hedge funds losing 10% of their assets in the year to end-July, according to data provider eVestment. That’s a far bigger slump than any other segment of the industry globally, and it’s due largely to poor performance but also negative sentiment on the region and particularly China, said Peter Laurelli, global head of research at eVestment. Asia-focused strategies lost $740 million last month, meaning $12.…