Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge Hedge Fund index up 2.54% (est.) in March, up 2.16% YTD

Friday, April 09, 2010
Opalesque Industry Update – After a slow start to the year, hedge funds showed their strength in March, witnessing robust positive results across all regions and strategies. The composite Eurekahedge Hedge Fund Index advanced 2.54%1 amid significant movements in most underlying asset classes, bringing the YTD figure to 2.16%. The MSCI World Index increased 5.93% in March and was up 2.74% YTD.

• Initial reports indicate positive net asset flows for March2 and and US$16 billion net inflows for February.
• Distressed debt hedge funds climbed 7.35% YTD with 12 months of consecutive positive returns, gaining 49.08% over this period.
• All regional and strategic indices reported positive returns both for March and for the year.

Regional Indices

Hedge funds across all regions delivered robust returns for March with emerging markets funds leading the way. Managers allocating to Eastern Europe and Russia did especially well, with the Eurekahedge Eastern Europe & Russia Hedge Fund Index leaping to a strong 6.88%. Managers allocating to Russia posted strong returns from their exposure to the energy sector as well as to Russian equities while a surge in Eastern European stocks also yielded high gains – the RTS Index was up 11.46% while MSCI EM Eastern Europe Index was up 10.28% in the month.

Asia ex-Japan managers also enjoyed healthy returns in March, with the Eurekahedge Asia ex-Japan Index posting 3.92%. Most of the gains were delivered on the back of strong rallies in the underlying equity markets, which were buoyed by positive economic data and upbeat sentiment – the MSCI Asia ex-Japan Index was up 7.15% in the month.

Strategy Indices

All strategic indices were positive for March, with riskier assets delivering the best returns. Net long exposures to equity markets were profitable, with the S&P 500 returning 5.9% while the FTSE and DAX were up 6.1% and 93.9%, respectively. The Eurekahedge Long/Short Equities Hedge Fund Index gained 3.04% in the month.

Distressed debt managers were the best performers in March as they continued their winning streak to 12 straight months by gaining 49.08% on average over this time period. The Eurekahedge Distressed Debt Hedge Fund Index was up 4.27% in March, bringing the YTD figure to 7.35%. Managers employing this strategy have delivered exceptional performance recently, profiting from the continuing rally in the sector – the Merrill Lynch High Yield Index was up 4.99% YTD.

Fulll report with performance tables: Source.

For the full suite of Eurekahedge indices: Source.


Bg

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro