Tue, Feb 18, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge Hedge Fund Index has best September on record +3.4% (5.15% YTD)

Tuesday, October 12, 2010
Opalesque Industry Update - Hedge funds were positive for the third consecutive month in September, up 3.45%, and ended Q3 on a high note amid increased risk appetite and positive movements in underlying markets. The Eurekahedge Hedge Fund Index advanced to a healthy 5.15% year-to-date return, after witnessing its best September on record. The MSCI World Index also posted strong gains of 6.75% for the month.

Below are the key highlights for the month:

Hedge funds delivered the second best monthly performance since May 2003, up 3.45% in September.

Larger hedge funds (AuM>US$500 million) outperformed smaller funds, up 6.35% YTD.

All regions and strategies posted positive returns in September, Greater China hedge funds gained 7.02% during the month.

In terms of regional mandates, hedge funds investing in emerging markets advanced strongly in September, with Asia ex-Japan managers delivering the best performance – up 6.03%. The Eurekahedge Emerging Markets Hedge Funds Index gained 4.20% as the MSCI Emerging Markets Index surged 7.49%. Emerging markets have witnessed strong flows of capital over the last few months, leading to rallies in the underlying equity markets. Asia ex-Japan managers took advantage of the hefty gains across the regional indices – the Hang Seng rose 8.87%, the Sensex gained 11.67% while the Kospi, Shanghai Composite and the Thailand SET also registered healthy returns. Eastern European managers also posted excellent profits, gaining 3.90% on average and bringing their year-to-date returns to 7.21%.

Managers investing in developed markets produced positive returns in September, with North American managers leading the way. The Eurekahedge North American Hedge Fund Index advanced 3.67% for the month while European and Japanese managers gained 2.26% and 0.71%, respectively. The month was marked by increases in most asset classes across geographies. Although the US dollar decreased during the month, heightened risk appetite pushed the S&P 500 up 8.8% while bonds also witnessed a rally in the latter half of the month amid speculation of further quantitative easing by the US Federal Reserve.

Hedge funds of all strategic mandates finished the month with healthy gains. Long/short equity funds delivered the best performance, gaining 4.33% on average, as managers were able to capture most of the upside in the rising markets. Global macro funds and CTA/managed futures funds also posted excellent returns of 3.68% and 3.20%, respectively, as positive movements across most asset classes were profitable for managers. Fixed income strategies also traded higher as increased risk appetite helped distressed debt managers register yet another month of excellent results while a month-end rally in bonds resulted in opportunities for arbitrage, relative value and fixed income managers. The Eurekahedge Distressed Debt Hedge Fund Index continued to lead in the year-to-date measure, up 10.31% September year-to-date.

Full performance chart: Source

(press release)

kb

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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: Evolution of shrinking hedge fund fees - what do investors and managers need to know?[more]

    By Don Steinbrugge, Founder and CEO, Agecroft Partners (DonSteinbrugge@agecroftpartners.com): Hedge funds fees remain under extreme pressure across the industry. This strong trend is driven by declining return expectations from investors, inc

  2. PE/VC: Venture capital for Canadian companies up 16% from last year, Venture capital helped fuel Silicon Valley. Is it also destroying it?[more]

    Venture capital for Canadian companies up 16% from last year A new study says Canadian venture capital-backed companies raised $5.4 billion over 469 deals last year, marking the third consecutive year of increased VC funding in the country. The MoneyTree Canada report from PwC Canada an

  3. Institutional Investors: UK pension giant Universities Superannuation Scheme to cut hedge funds, Texas County puts $225m in 3 alts funds, Korea's $600bn pension fund to be more active shareholder, CalPERS walking its own path on asset allocation, New York State Teachers' assigns $150m to real estate fund, LD turns to active quant for first time, launches tender worth $147m initially, Texas Teachers commits $250m to opportunistic real estate[more]

    UK pension giant Universities Superannuation Scheme to cut hedge funds The UK's largest private pension manager is slashing its investment in hedge funds, joining an exodus of investors fed up with years of mediocre returns and high fees. The Universities Superannuation Scheme plans

  4. PE/VC: No handshakes, no deals: Silicon Valley VCs hit pause on China, US private equity funds swoop on UK for cheap deals[more]

    No handshakes, no deals: Silicon Valley VCs hit pause on China From Nikkei: Venture capital companies in Silicon Valley are not taking any chances when it comes to the coronavirus outbreak. "Due to the Coronavirus, No Handshakes Please. Thank You," reads a sign on the office doors of An

  5. Global pensions loading up on alternative investments says study[more]

    Laxman Pai, Opalesque Asia: Global pension funds remain committed to increasing their exposure to private equity, real estate, and other alternatives, says a study. A new report from Willis Towers Watson's Thinking Ahead Institute revealed that the shift to alternative assets continues apace