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Alternative Market Briefing

eVestment: Emerging markets outperformance continues in August

Wednesday, September 13, 2017

Bailey McCann, Opalesque New York:

In a strong month for the global hedge fund industry, emerging markets hedge funds continued to shine the brightest, according to the just-released August 2017 eVestment Hedge Fund Performance Report. Brazil-focused funds lead the pack in August with +5.34% performance, bringing year-to-date performance to +16.88%. China-focused funds are the top performers so far in 2017, returning +23.02% so far this year, while returning a slightly cooling +2.69% for the month of August.

India funds, which had seen exceptionally strong results so far this year, saw returns slow to +0.13% in August. However year-to-date returns for India-focused funds is still exceptional at +22.77%.

Overall the industry returned +0.74% in August. This brings year-to-date performance to +5.47%. Hidden in that overall year-to-date figure is that 75% of hedge funds have produced positive returns for the year, and the average return from those positively performing products is near +10%.

Aggregate returns from activists were just slightly negative at -0.02% in August, the first month since October 2016 when activist returns have been even close to negative territory. The universe is still among the best performing non-EM strategy in 2017 at +6.63.

Managed futures' returns continued to rebound in August at +1.22%, however year-to-date performance is still weak at just +0.76%.

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