The chief executive of Sloane Robinson has praised the hedge fund’s performance in “troubled markets”, despite profits edging down in the 12 months to the end of March last year

Accounts for the limited liability partnership, recently filed at Companies House, show that long/short equity manager Sloane Robinson saw its profits available for discretionary distribution among partners slip down to £12.5 million for the year ended March 31, 2014, from £13.5 million for the previous year.