PMA, one of Asia’s largest hedge fund managers, has announced results for January for its equity products – the Pathfinder Fund and the India Fund, which continued to outpace the market. The Pathfinder Fund, PMA’s newest equity offering focusing on liquid positions in Asia Ex-Japan, posted a return of 1.9% for the month. The fund features a disciplined trading approach that is combined with PMA’s trademark emphasis on risk management and transparency.

PMA’s single country-focused India fund returned 2.1% in January. The India Fund maintains a highly liquid investment strategy, generating alpha from positions in the top 250 Indian companies according to market capitalisation.

Kam Bahra, chief executive officer, said: “This is a very strong start to the year. The Pathfinder and India funds both turned in stellar returns in comparison with their peers. Asian equity funds as a group saw an overall decline of 2-7% in January, and the Eurekahedge Asia Long/Short Equity Fund Index reported a -1.75% return for the month. Our outperformance this month is a testament to the depth of experience of our equity team, and we are confident that we will sustain this momentum throughout the year.”

Farhat Malik, chairman, added: “Our focus in delivering positive returns while maintaining our industry-leading risk management and transparency standards is enabling us to deliver sustainable value to our investors. Investors are increasingly recognising and demanding the highest levels of service that we are uniquely positioned to provide through our institutional platform. We have upheld these principles since day one, and remain committed to serving our investors with the same expert portfolio management and operational excellence that are now synonymous with PMA.”