The MQ Asia Long Short Fund, managed by Macquarie, was down -1.06% in February to bring 2009 YTD return to +0.28%. Over the longer term, the fund returned -6.16% over 12 months, against a benchmark of the MSCI Asia Pacific index which lost 44.33% over the same period.
Interestingly MQ Asia recorded a net inflow of funds in February, following on from heavy net outflows between October and December last year, indicating renewed confidence from investors may be returning.
In the Fund's monthly report the manager also provided weighting and exposure breakdowns by stock and region, as well as in depth risk statistics. The hedge fund industry is often criticised for a lack of transparency, however managers such as MQ have consistently refuted this claim by providing such detailed fund information to the public.
