The MQ Asia Long Short Fund was up +1.35% in January, although Korea was the only market that produced a positive return, including a -0.20% loss due to a long exposure to troubled Indian firm Satyam. Currently the Fund has just under US$200m under management, down from a peak of over US$800m.
With this result the Fund, which employs a quantitative equity long/short strategy in pan-Asian markets, recorded its third consecutive month of positive returns. January was also characterised by a record-high turnover level, as the manager took advantage of attractive trading opportunities.
