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Alternative Market Briefing

Hedge funds push their YTD returns up 8.58% in 2019 to record the strongest year since 2013

Tuesday, January 14, 2020

Laxman Pai, Opalesque Asia:

The Eurekahedge Hedge Fund Index gained 1.52% in December, supported by the underlying equity market performance which pushed the MSCI ACWI (Local) 2.57% higher over the same period. The year-to-date (YTD) return went up to 8.58%.

The FTSE 100 edged 2.67% higher during the month. On the other hand, positive trade developments, monetary stimulus, and strong macroeconomic data-pushed Asian equity markets higher, with the Hang Seng Index and the Shanghai Composite Index up 7.00% and 6.20% respectively.

Returns were positive across geographic mandates in December, with fund managers focusing on Asia ex-Japan up 2.36%, outperforming their North American and European peers who were up 1.74% and 1.65% respectively.

Japanese hedge funds returned 1.25% over December, underperforming their regional peers. Across strategies, event-driven, long/short equities and multi-strategy fund managers were up 2.39%, 2.17% and 1.83% respectively throughout the month.

Roughly 74.7% of the underlying constituents of the Eurekahedge Hedge Fund Index posted positive returns in December, and 38.0% of the hedge fund managers in the database were able to maintain double-digit returns in 2019.

On an asset-weighted basis, hedge funds were up 1.53% in December, as captured by the Mizuho Eurekahedge Hedge Fund Index (USD). The index was up 6.90% throughout the year.

Eurekahedge North American Hedge Fund Index edged 1.65% higher

The Eurekahedge No......................

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