Distressed hedge funds on course for bumper year

Performance drops for China and LatAm-focused funds

China-focused hedge funds produce strong gains

Chinese hedge funds provide strong returns
China-focused funds continue to be the best performing of any targeted emerging market exposure in 2013 through May. The universe returned an average of 4.0% during May bringing returns over 10% for the year and on pace to more than double the 11.4% performance of 2012.

China-focused hedge funds have an estimated $16.8 billion in assets under management, an 8% increase in 2013. Performance has driven top-line growth as investor flows have been negative fo