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Alternative Market Briefing

Hedge funds end 2015 with lowest annual return at 1.5% but still outperform equity markets

Wednesday, January 13, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds posted their lowest annual return in 2015, with the Eurekahedge Hedge Fund Index gaining 1.56% (the lowest since 2011) but still outperformed the equity markets as the MSCI World Index fell 0.48% last year. In December, the average hedge funds fell 0.58% compared to the MSCI World Index which dropped 2.23% during the month.

In its monthly index update, Eurekahedge added that hedge fund assets grew by $110 billion last year, with more than half of this gain coming from investor flows.

The report said, "Among developed market mandates, Japanese managers lead with annual gains of 6.21%, followed by European managers up 5.06% while North American managers trailed behind with a flat performance of 0.03%. Greater China investing hedge funds posted their fourth consecutive month of gains and were up 3.46% in December, with an average return of 12.08% for 2015. China dedicated funds have outperformed the CSI 300 Index by 6.5% in 2015 with gains in Q4 alone coming in at 8.52%."

Eurekahedge added that distressed debt funds recorded the worst return among all hedge fund strategic mandates and were down 5.31% - their worst performance on record since 2008. Meanwhile arbitrage strategies have posted the strongest gains in 2015, up 4.46% helped by gains accruing from underlying volatility arbitrage strategies.

On a year-to-date basis, Asia ex-Japan ma......................

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