Fri, Aug 12, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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......................

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. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du