Opalesque Industry Update - Hedge funds were flat to marginally negative at 0.06% during the month of August with much of this weakness led by underlying CTA/managed futures and macro mandated hedge funds. On the other hand, underlying markets as represented by the MSCI World Index (Local) were up 0.48%. Close to 60% of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month, with majority of them being long/short equity mandated. Asia ex-Japan hedge funds led performance among regional mandates this month, up 1.24% while distressed debt managers topped the table across strategies, gaining 1.77% over the same period. As of 2016 year-to-date, close to 60% of managers were in positive territory with roughly 14% of these managers posting year-to-date returns in excess of 10% over the past eight months. Close to 40% of these managers are long/short equity mandated while another 20% are CTA/managed futures mandated hedge funds. Key highlights for the month of August 2016:
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Industry Updates
Hedge funds flat in August, up 2.50% YTD
Wednesday, September 14, 2016
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