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Alternative Market Briefing

Chinese hedge funds fell in first seven months of 2016, but still beat benchmark

Friday, August 19, 2016

Komfie Manalo, Opalesque Asia:

China-focused hedge funds declined in the first seven months of 2016 but still beat their benchmark by a margin of almost 10% for the year. Data tracker Eurekahedge said that Greater China-focused hedge funds fell 4.70% as of end July, beating the CSI 300 Index, which lost 14.13% during the same period.

Meanwhile, Asia ex-Japan gained 0.48%, however North American hedge fund managers are leading the gainers column, up 3.87% up to July this year, reported China Money Network. Japanese and European-focused hedge funds felt the market pinch during the same period and were down 4.21% and 1.82% respectively.

Across the globe, an estimated 80% of hedge funds were in the positive territories over the three year annualized period with roughly 25% of those funds generating double-digit profits over the period, said Eurekahedge.

It added that despite three consecutive months of outflows and redemptions from investors, hedge funds saw its assets expand by $9.1bn from January to July this year, with the industry’s assets estimated at $2.25tln. From May to July, hedge fund outflows and redemptions totaled $20.7bn.

Hedge funds liquidations in reach record level in China

Early this week, it......................

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