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Alternative Market Briefing

Eurekahedge Hedge Fund Index up 2.32% in January

Wednesday, February 20, 2019

Laxman Pai, Opalesque Asia:

The Eurekahedge Hedge Fund Index was up 2.32% in January, as the risk-on sentiment returned to the market, propelling the MSCI AC World Index (Local) up 7.36% during January.

Throughout 2018, hedge fund managers posted losses of 4.08%, outperforming the global equity market which slumped 10.18% over the year, the Eurekahedge report said.

The MSCI AC World Index (Local) gained 7.36% during January, despite the economic slowdown concerns revolving around China, as indicated by the contraction in manufacturing sector and dwindling exports.

Improving outlook over global trade and weaker US dollar supported the performance of fund managers focusing on Asia and emerging markets during the month, with the Eurekahedge Asian Hedge Fund Index and Eurekahedge Emerging Markets Hedge Fund Index edging 2.00% and 4.40% higher respectively.

Mizuho-Eurekahedge Asset Weighted Index

The asset-weighted Mizuho-Eurekahedge Index - USD gained 1.39% in January, after ending 2018 down 4.23%. It should also be noted that the Mizuho-Eurekahedge Index is US dollar denominated, and during months of strong US dollar gains, the index results include the currency conversion loss for funds that are denominated in other currencies.

All of the Mizuho-Eurekahedge indices posted positive returns in January, with the Mizuho-Eurekahedge Long Short Equities Index gaining 3.35% over the month, riding the upward movement of the equity markets around the globe ......................

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