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 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. 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. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner