Wed, Sep 17, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge Hedge Fund Index down 0.24% (est.) in April (+3.60% YTD), funds attracted US$10.4bn

Wednesday, May 16, 2012
Opalesque Industry Update - This month's Eurekahedge Report reports on a somewhat flat month for the industry. Negative returns in April affected most regional hedge funds as market sentiment became more risk-averse leading to declines across global markets. After a short few months of strong growth, attention returned to European debt issues, soft US economic data and slowing Chinese growth.

There were a few positive numbers to be found, however. The Eurekahedge North American Hedge Fund Index finished the month with positive returns of 0.08%, beating the S&P 500. Managers with positive returns banked on upbeat corporate earnings and the end of April saw a surge caused by speculation of further stimulus from the US Federal Reserve.

Emerging market hedge funds were up 0.54% in the month, bucking the trend from other regions and the underlying markets. Similarly, a 0.51% return by the Mizuho-Eurekahedge Asia Pacific Index showed that the larger asset managers in the region were able to manage volatility in the underlying markets. The index has also notched up strong returns by the end of April 2012 with gains of 5.47%.

Our special report this month focuses on Latin American hedge funds; a sector that has experienced tremendous growth in the last decade jumping from US$2.7 billion to US$58.9 billion in AUM. Latin American hedge funds have also started the year strong attracting US$1.2 billion in 1Q 2012 with gains of US$1.9 billion in performance and we look to see where it is headed following its success.

Everyone at Eurekahedge is gearing up for our upcoming Asian Hedge Fund Awards 2012, which will be taking place on the 25th of May at The Stamford Ballroom, Fairmont Hotel, Singapore. The nominees can be found online on our awards website.

Highlights from this month’s report:

• The asset-weighted Mizuho-Eurekahedge Top 100 Index increased 0.28% in April 2012, signaling a better month for larger funds.

• Hedge funds attracted US$10.4 billion during the month of April.

• Assets in North American hedge funds have increased by nearly US$40 billion since the start of the year.

• Relative value and fixed income hedge funds are a bright light in the industry - they have now witnessed five consecutive months of positive returns with gains of 5.91% and 4.56% respectively.

• Launch activity remained strong in 2012 with more than 150 funds launched worldwide as at the end of April 2012.

• Assets in distressed debt hedge funds were back above US$60 billion.

• The Eurekahedge Latin American Hedge Fund Index saw a surge of 6.45% at end-April 2012.



Main Indices

April
2012
1

2012 Returns

2011 Returns

Eurekahedge Hedge Fund Index

-0.24

3.60

-3.79

Eurekahedge Fund of Funds Index

-0.37

2.47

-5.59

Eurekahedge (Long-Only) Absolute Return Fund Index

-0.56

10.40

-14.19

Eurekahedge Islamic Fund Index

-0.24

5.55

-3.48

 

Strategy Indices

April
2012
1

2012 Returns

2011 Returns

Eurekahedge Arbitrage Hedge Fund Index

0.16

3.38

1.09

Eurekahedge CTA/Managed Futures Hedge Fund Index

-0.12

-0.61

-2.36

Eurekahedge Distressed Debt Hedge Fund Index

-0.23

5.45

-2.52

Eurekahedge Event Driven Hedge Fund Index

-0.22

4.65

-4.68

Eurekahedge Fixed Income Hedge Fund Index

0.18

3.94

0.94

Eurekahedge Long/Short Equities Hedge Fund Index

-0.43

5.42

-6.97

Eurekahedge Macro Hedge Fund Index

-0.53

1.36

-1.26

Eurekahedge Multi-Strategy Hedge Fund Index

0.09

4.32

-2.06

Eurekahedge Relative Value Hedge Fund Index

0.46

5.02

-0.11

 

Regional Indices

April
2012
1

2012 Returns

2011 Returns

Eurekahedge North American Hedge Fund Index

0.08

4.62

-0.66

Eurekahedge European Hedge Fund Index

-0.46

4.06

-6.20

Eurekahedge Eastern Europe & Russia Hedge Fund Index

-2.50

5.73

-20.37

Eurekahedge Japan Hedge Fund Index

-1.38

3.25

-1.40

Eurekahedge Emerging Markets Hedge Fund Index

0.01

5.71

-8.04

Eurekahedge Asia ex-Japan Hedge Fund Index

-0.34

5.83

-12.31

Eurekahedge Latin American Hedge Fund Index

0.84

6.12

2.49

 

Global Hedge Fund Indices by Fund Size

April
2012
1

2012 Returns

2011 Returns

Eurekahedge Small Hedge Fund Index (<US$100m)

-0.39

3.59

-4.94

Eurekahedge Medium Hedge Fund Index (US$100m - US$500m)

-0.04

3.66

-1.26

Eurekahedge Large Hedge Fund Index (>US$500m)

0.29

3.65

-0.74

 

Mizuho-Eurekahedge Indices

April
2012
1

2012 Returns

2011 Returns

Mizuho-Eurekahedge Index - USD

-0.02

3.13

-2.07

Mizuho-Eurekahedge TOP100 Index - USD

0.19

2.82

1.87

Mizuho-Eurekahedge TOP300 Index - USD

0.08

2.78

0.04

1 Based on 58.14% of funds which have reported April 2012 returns as at 15 May 2012.

(press release)

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. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc