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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.......................

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