Wed, Jul 27, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge: Hedge funds up 0.47% in August as market sentiment remained optimistic (+3% YTD)

Tuesday, September 11, 2012
Opalesque Industry Update - Hedge funds posted another month of positive returns for August as the Eurekahedge Hedge Fund Index gained 0.47%1 during the month. Market sentiment was optimistic for most of the month, with prospects for QE3 increasing, positive signals from the Euro zone and stronger US economic data. The MSCI World Index was up by 1.64%2 in August.

Key takeaways for the month of August 2012:

  • Hedge funds gained 0.47% in August and were up 3% year-to-date.
  • Relative value hedge funds were up 7.34% August year-to-date and have attracted significant assets in 2012 – total AUM now stands at US$60 billion.
  • Event driven posted their best return in six months – the Eurekahedge Event Driven Hedge Fund Index was up 1.65%.
  • Distressed debt hedge funds also saw their best results in six months with the Eurekahedge Distressed Debt Hedge Fund Index gaining 1.07%.
  • The Mizuho-Eurekahedge Emerging Markets Index rose 1.63% in August.
  • CTA/managed futures funds have witnessed six months of net negative asset flows, losing US$16 billion since February 2012.

Regional Indices

Most regional mandates finished the month in positive territory with managers allocating to the Americas leading the way. The Eurekahedge Latin American Hedge Fund Index was up 1.09% while North American managers gained 1.02% during the month. Although the markets posted a drop at the start of the month due to uncertainty about the Euro zone's bond buying program, the trends reversed quickly on the back of positive comments from the ECB and strong US economic data. Positive sentiments regarding QE3 added further steam to the rally – the S&P500 was up 1.98% during the month.

European managers also posted a positive return of 0.62% amid healthy returns in underlying markets – the MSCI Europe Index3 was up 2.10%. Risk appetite was up during the month mostly through policy action expectation. Emerging markets and Asia ex-Japan hedge funds also finished the month in positive territory with gains of 0.88% and 0.63% respectively.

Strategy Indices

Most strategies were positive in August amid strong trends across a number of sectors. Event driven and distressed debt hedge funds posted their best returns in six months as market sentiment remained buoyant through most of the month. The Eurekahedge Event Driven Hedge Fund Index was up 1.65% in August while the Eurekahedge Distressed Debt Hedge Fund Index gained 1.07%. CTA/managed futures funds witnessed losses of 0.63% as some funds lost out on currency trades. Trend following strategies posted negative returns for the month with short-term systematic and fx traders seeing the largest losses.

Eurekahedge

Press Release

BM

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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe