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Alternative Market Briefing

Asian managers push hedge funds into the red but over 10% still up with double-digit gains YTD

Wednesday, October 10, 2018

Laxman Pai, Opalesque Asia:

The Eurekahedge Hedge Fund Index ended the month of September 2018 down -0.05%, trailing behind the MSCI AC World Index (Local) which gained 0.07% over the course of the month.

According to the Eurekahedge October Index Flash Update, North American hedge fund managers broke their winning streak and slumped 0.16%, contrary to the positive performance exhibited by the S&P 500, which ended the third quarter with its best performance since Q4 2013.

On a year-to-date basis, North American fund managers maintained their lead over other regional mandates with a 3.16% return. Eurekahedge also said that roughly 48.7% of the underlying constituents of the Eurekahedge Hedge Fund Index ended the month on a positive note, with 10.4% of these managers posting double-digit gains year-to-date.

Over in Asia, concerns over the escalation of the tariff spat between China and the US has continuously put pressure on the region's equity markets throughout the quarter with the PBOC recently reducing the reserve requirements for its banking system for the 4th time this year to cushion the impact of US tariffs on the country's economy.

Asia ex-Japan hedge fund managers lost 1.80% in September, barely ahead of the benchmark MSCI AC Asia Pacific ex-Japan Index (Local) which declined 1.87% over the month. Escalating trade tension, weak currencies, and slowing growth in China might continue to pose as challenges for hedge fund managers focusing in t......................

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