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Alternative Market Briefing

Hedge funds outperform underlying markets in September, Japan-focused managers lead gainers

Wednesday, October 19, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds were up 0.48% in September outperforming underlying markets, as represented by the MSCI AC World Index (Local) which gained 0.19% during the month, Singapore-based data provider Eurekahedge said in its October report.

"The trading scene was affected by a series of macro data, central bank meetings, OPEC and to a lesser extent the U.S. Presidential debate. Strong jobs data throughout the past couple of months added to the rate hike anticipation at the Fed meeting, which however, ended with no action. The recent encouraging outcome of the OPEC meeting led to sustaining oil prices and stronger performance of commodity currencies versus the greenback mid-month onwards," the report said.

On a year-to-date basis, hedge funds are up 3.33%, while the MSCI AC World Index (Local) was up a close 3.37% over the same period. Close to 15% of managers posted returns in excess of 10% in 2016 year-to-date, with long/short equities and CTA/managed futures mandated hedge funds featuring strongly in this pool.

Eurekahedge said that the U.S. presidential elections will be the key to watch out for next month as Americans go to polls on November 8. Though polls are placing Hillary Clinton in the lead, and Trump’s "locker room talk" has been a disaster for his campaign, it might still be too early to write him off. With the memory of Brexit still fresh in our minds, it is perhaps best to ......................

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