Why invest in an Asian long/short equity strategy?

Long/short (L/S) equity strategies are designed to offer investors a more flexible approach to equity investing as they take both long and short positions in securities. We talked about the challenges of this approach with Jon Withaar, Head of Asia Special Situations at Pictet Asset Management. He explains how L/S strategies work with the example of Asia. Why should investors utilize an L/S equity strategy in Asian markets? Why is it superior to traditionally managed funds?