Macquarie's MQ Asian Long Short fund has reported a 4.75% gain for the month as the region's markets continued to rally in July, taking their 12 month performance to +2.63%. YTD performance for 2009 is +9.52%.
The manager noted that the fund only lost money on two days during the month, with the largest loss just 0.1%, and recorded gains for each of the first 9 days when the markets were in negative territory.
Annualised performance for the Cayman based fund, which has US$101m in FUM, is +11.57% since inception in October 2005.
The MQ Asian fund uses a quantitative strategy to invest in over 600 individual positions across 12 countries in the Asian region.
