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Alternative Market Briefing

10.5% of hedge funds with double-digit returns over first four months of 2020

Wednesday, May 20, 2020

Laxman Pai, Opalesque Asia:

The Eurekahedge Hedge Fund Index was up 4.03% in April - registering its best month since May 2009, supported by the robust performance of the underlying global equity market as represented by the MSCI ACWI IMI (Local) which gained 10.47% over the month.

Approximately 79.8% of the underlying constituents of the Eurekahedge Hedge Fund Index posted positive returns in April, and 10.5% of the fund managers in the database were able to generate double-digit returns over the first four months of 2020.

According to the report, the global hedge fund industry witnessed its sharpest monthly performance-based decline in history as fund managers lost US$139.6 billion in March, on top of the US$81.0 billion redeemed by investors during the month.

Meanwhile, the Eurekahedge North American Long Short Equities Hedge Fund Index gained 8.04% in April, driven by the robust performance of US equities. The S&P 500 and tech-heavy NASDAQ recorded double-digit returns of 12.68% and 15.45% over the same month, respectively.

The Eurekahedge Greater China Long Short Equities Hedge Fund Index was up 8.01% in April, bringing their year-to-date return back into positive territory. The reopening of the economy of Mainland China, particularly in the Wuhan province provided support to the market risk sentiment in the region.

CTA/managed futures remain flat

The report said that the Eurekahedge CTA/Managed Futures Hedge Fund Index was up 0.55% in April, ......................

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