Thu, Oct 17, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Eurekahedge Hedge Fund Index up up 0.41% in July but trails behind the MSCI AC World Index which gained 2.59%

Wednesday, August 22, 2018

Laxman Pai, Opalesque Asia:

According to Eurekahedge, the Eurekahedge Hedge Fund Index ended the month of July up 0.41% as North American and European equity markets enjoyed the boost from strong second quarter earnings season, which somewhat mitigated losses incurred by the global trade friction.

Roughly 13% of hedge fund managers tracked by Eurekahedge managed to outperform the underlying global equity markets as represented by the MSCI AC World Index (Local) which gained 2.59% over the month. On a year-to-date basis, the Eurekahedge Hedge Fund Index was up 0.43% as of July 2018.

A statement from Eurekahedge said that Hedge funds are up 0.43% for the year, their weakest performance on record since 2008 when they declined 0.23% in the seven months through to July.

It said that almost 49% of managers are in the green for the year with roughly 13% of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.

Total assets under management (AUM) have increased by $6.8bn as of July 2018 year-to-date, down from $126.7bn over the same period last year as performance driven losses and subdued allocations from investors cap asset growth.

All major regional mandates, with the exception of Asia, are in the green for the year. Concerns over the US-China trade war have seen Asian mandates slip to the bottom of the league tables with the Eurekahedge Asian Hedge Fund Index down 1.61% for the year after posting gains of 17.......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Venture firm Mithril Capital says it has been under assault by its former general counsel[more]

    It's been a strange year for Mithril Capital Management, the venture firm cofounded in 2012 by Peter Thiel and his longtime associate Ajay Royan. Though Mithril enjoyed its biggest exit to date in February, when Johnson & Johnson agreed to pay $3.4 billion, plus another potential $2.35 billion i

  2. Gen Z and Money: Will the youngest generation of adults drive FinTech?, Robo-Advisor to offer actively managed portfolios based on hedge fund holdings[more]

    Gen Z and Money: Will the youngest generation of adults drive FinTech? Findings released in the Logica Future of Money Study show that Gen Z is pioneering work opportunities in a social and tech-based workforce. Key findings also indicate an increasing interest in computer-based advice to

  3. CTAs slide in September[more]

    From Institutional Investor: Commodity trading advisers had a post-summer swoon in September. After posting two strong months of performance in July and August, the computer-driven strategy - also called managed futures - reported losses mostly ranging between 3 percent and 5 percent last month.

  4. Tech: Quantum computing may be closer than expected with 'game changer' discovery[more]

    From Inverse: While quantum computing has long been an exciting notion for scientists and the public alike, the realization of these technologists has long been on hold. But researchers from the Johns Hopkins University have discovered a material that might just fast-track the creation of these, unt

  5. PE/VC: Private-equity deals depress worker wages, study finds, Thoma Bravo to buy Sophos for $3.9bn, Unicorn valuations are fit to burst, warn investors[more]

    Private-equity deals depress worker wages, study finds From Market Watch: Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity de