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Laxman Pai, Opalesque Asia: The Eurekahedge Hedge Fund Index was up 1.85% in August, bringing its year-to-date return to 3.79% and its five-month trailing return to 12.85% since end-March.
"Global hedge funds recorded their best five-month performance of 12.85% in August after they suffered from their worst quarterly performance of 8.02% in Q1 2020. In terms of year-to-date return, the Eurekahedge Hedge Fund Index was up 3.79%, with around 22.5% of hedge funds managers posting double-digit returns over the first eight months of the year," said a press release from Eurekahedge.
The robust performance of the global equity markets on the back of the encouraging development of the COVID-19 vaccine and improving macroeconomic data supported hedge fund managers' performance.
Assets under management for the global hedge funds industry have rebounded, increasing by US$142.8 billion over the five months ending August 2020. This has come from performance-driven gains of $122.5 billion and net investor flows of $20.3 billion. This marks a sharp recovery following a $264.1 billion asset decline in Q1 2020, the report said.
Regional indices also show upward joueney
The Eurekahedge North American Hedge Fund Index was up 2.39% during the month, bringing their five-month trailing return to 15.74% since end-March, which marks the best five-month performance of the index since inception.
In contrast, their European counterparts as captured by the Eurekahedge Eu...................... To view our full article Click here
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