Sun, Aug 30, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge Hedge Fund Index has best September on record +3.4% (5.15% YTD)

Tuesday, October 12, 2010
Opalesque Industry Update - Hedge funds were positive for the third consecutive month in September, up 3.45%, and ended Q3 on a high note amid increased risk appetite and positive movements in underlying markets. The Eurekahedge Hedge Fund Index advanced to a healthy 5.15% year-to-date return, after witnessing its best September on record. The MSCI World Index also posted strong gains of 6.75% for the month.

Below are the key highlights for the month:

Hedge funds delivered the second best monthly performance since May 2003, up 3.45% in September.

Larger hedge funds (AuM>US$500 million) outperformed smaller funds, up 6.35% YTD.

All regions and strategies posted positive returns in September, Greater China hedge funds gained 7.02% during the month.

In terms of regional mandates, hedge funds investing in emerging markets advanced strongly in September, with Asia ex-Japan managers delivering the best performance – up 6.03%. The Eurekahedge Emerging Markets Hedge Funds Index gained 4.20% as the MSCI Emerging Markets Index surged 7.49%. Emerging markets have witnessed strong flows of capital over the last few months, leading to rallies in the underlying equity markets. Asia ex-Japan managers took advantage of the hefty gains across the regional indices – the Hang Seng rose 8.87%, the Sensex gained 11.67% while the Kospi, Shanghai Composite and the Thailand SET also registered healthy returns. Eastern European managers also posted excellent profits, gaining 3.90% on average and bringing their year-to-date returns to 7.21%.

Managers investing in developed markets produced positive returns in September, with North American managers leading the way. The Eurekahedge North American Hedge Fund Index advanced 3.67% for the month while European and Japanese managers gained 2.26% and 0.71%, respectively. The month was marked by increases in most asset classes across geographies. Although the US dollar decreased during the month, heightened risk appetite pushed the S&P 500 up 8.8% while bonds also witnessed a rally in the latter half of the month amid speculation of further quantitative easing by the US Federal Reserve.

Hedge funds of all strategic mandates finished the month with healthy gains. Long/short equity funds delivered the best performance, gaining 4.33% on average, as managers were able to capture most of the upside in the rising markets. Global macro funds and CTA/managed futures funds also posted excellent returns of 3.68% and 3.20%, respectively, as positive movements across most asset classes were profitable for managers. Fixed income strategies also traded higher as increased risk appetite helped distressed debt managers register yet another month of excellent results while a month-end rally in bonds resulted in opportunities for arbitrage, relative value and fixed income managers. The Eurekahedge Distressed Debt Hedge Fund Index continued to lead in the year-to-date measure, up 10.31% September year-to-date.

Full performance chart: Source

(press release)

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner