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HFRI China, Asia (ex-Japan) Indices mixed for 2Q; Asian hedge fund assets decline on largest outflow since 2009
CHICAGO, (August 5, 2016) – Hedge funds investing in Japan declined to conclude the first half of 2016 as the Japanese Yen (¥) surged on Brexit, while hedge funds investing in China and throughout Emerging Asia posted mixed performance for 2Q, according to the latest HFR Asian Hedge Fund Industry Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry. 
The HFRI Japan Index fell -2.7 percent in June, the largest monthly decline since February, as the Nikkei 225 lost -9.6 percent for the month, bringing the Nikkei’s 1H16 decline to -18.2 percent. The June loss brings performance of the HFRI Japan Index to -2.6 percent for 2Q and -6.1 percent for 2016 as the Japanese Yen (¥) surged to 101 against the US Dollar ($) and below 133 against the British Pound Sterling (£) after investor risk appetite fell sharply on the Brexit vote result.