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Asian hedge funds returned 1.79 pct in June -Eurekahedge

Reuters India – Asian hedge funds were up a fourth straight month in June, rising an estimated 1.79 percent, on the strength of gains in Chinese and Japanese stocks, hedge-fund tracker Eurekahedge said.

The positive returns in June, which is based on preliminary data, brought gains since the start of 2009 to 13.96 percent.

Japan hedge funds gained 2.14 percent, North American funds edged up 0.60 percent, European funds lost 0.15 percent and Latin American funds returned 1.19 percent, the Singapore-based firm said in a statement on Wednesday.

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