Hedge funds with China focus had a huge month in April


    Hedge funds that focus on China had a huge month in April.

    Overall, the returns for the month were generally pretty good. One expert cited by Bloomberg described the gains as being “widespread”.

    Bloomberg’s story named a number of standout funds. The Golden China Fund managed by Greenwoods Asset Management rose an estimated 18%, while the Asian Equity Special Opportunities Portfolio was up close to 19%. The Zeal China Fund tacked on 12.5% and the Sumeru Capital Fund jumped 20%.

    A gauge that tracks the performance of hedge funds that focus on China, the  HFRI China Index, recorded a 13% gain for the month, the best single month gain since it was launched in 2008.

    Still the performance numbers aren’t all that great when considering the huge move in the stock indexes that month. The Shanghai Composite Index jumped 19% for the month, while the Hang Seng China Enterprises Index was up 17%.

    Funds that use long-only strategies generally were the best performers for the month.

    Photo courtesy of DVIDSHUB via Flickr.