Fri, Jul 30, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge Hedge Fund Index up 0.9% in May, 7.7% YTD

Thursday, June 17, 2021
Opalesque Industry Update -

• Hedge fund managers were up 0.87% in May 2021, supported by the strong performance of the global equity market which returned 0.83% during the month. In terms of 2021 performance, global hedge funds were up 7.71%, recording the strongest May year-to-date return since 2009 despite the ongoing pandemic. Roughly 71.4% of the underlying constituents of the Eurekahedge Hedge Fund Index posted positive returns in May, and 29.9% of the hedge fund managers in the database were able to maintain a double-digit return in 2021.

• On an asset-weighted basis, hedge funds were up 1.38% in May, as captured by the Eurekahedge Asset Weighted Index - USD. In terms of 2021 performance, the index is up 4.82%, recording their best May year-to-date return since 2009.

• The Eurekahedge North American Hedge Fund Index was up 0.86% in May, outperforming the S&P 500 and NASDAQ which returned 0.55% and -1.53% respectively. In terms of 2021 performance, North American hedge funds have returned 10.16%, outperforming their regional peers as the continued speedy roll out of COVID-19 vaccinations enabled the reopening of more industries and boosted the momentum of the economic recovery.

• The Eurekahedge Emerging Markets Hedge Fund Index was up 1.54% in May, outperforming their developed market counterparts as emerging markets equities benefitted from the 1.57% decline of the US Dollar Index in May. In terms of 2021 performance, emerging markets funds have returned 5.30%, lagging behind their developed market counterparts as North American and European hedge funds returned 10.16% and 6.00% over the same period respectively.

• The Eurekahedge Macro Hedge Fund Index gained 1.51% in May, extending their streak of consecutive positive returns to seven months. The Federal Reserve signalled their intent to consider tightening monetary policy only after the economy had made significant progress towards a strong recovery, allaying fears that interest rates would be raised prematurely. In terms of 2021 performance, the index returned 5.16% - recording their highest May year-to-date return since 2009.

• The Eurekahedge CTA/Managed Futures Hedge Fund Index returned 1.59% in May, supported by the robust performance of the S&P GSCI Index which returned 2.52%. Precious metals were the best performing components of the S&P GSCI Index, with gold and silver returning 7.66% and 8.28% in May respectively. In terms of 2021 performance, the index returned 6.51% - recording the fourth highest May year-to-date return among the main strategic mandates.

• Fund managers focusing on cryptocurrencies were down 6.83% in May as tracked by the Eurekahedge Crypto-Currency Hedge Fund Index, outperforming Bitcoin which lost 32.88% over the same period. In terms of 2021 return, cryptocurrency hedge funds gained 120.65%, outperforming Bitcoin which returned 24.27% over the first 5 months of the year.

Press release
Bg

Article source - Opalesque is not responsible for the content of external internet sites

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. Distressed-debt funds get no love as credit problems disappear[more]

    From Bloomberg: Private debt investors are turning away from distressed funds amid shrinking opportunities to profit from troubled companies. Investors were less keen to put their money to work in funds that target distressed credits in the past quarter than a year ago, according to a poll of

  2. Investing: Cathie Wood's Ark Invest abandons Chinese tech stocks amid regulatory crackdown[more]

    From Business Insider: Cathie Wood's Ark Invest has slashed its exposure to Chinese tech stocks amid an ongoing regulatory crackdown, according to Ark's daily trading updates. Ark's flagship Disruptive Innovation ETF has seen its exposure to Chinese stocks fall to less than 1% from a high of 8

  3. SPACs: SEC abruptly kills Ackman's controversial SPAC plans, Bill Ackman rejigs Universal deal after regulators probe SPAC plan, SPAC-ing the Southeast Asia story, SPAC deals will rebound for remainder of 2021[more]

    SEC abruptly kills Ackman's controversial SPAC plans From Institutional Investor: The Securities and Exchange Commission has killed Bill Ackman's special purpose acquisition company's complicated plan to invest in Universal Music Group. On Monday, his SPAC, Pershing Square Tontin

  4. New Launches: Apollo investors look past Black-Epstein tie to back impact fund, Leeds Equity closes in on $1.25bn for its seventh buyout fund, Schroders Capital surpasses $389m for its fifth European infrastructure senior debt fund, Neuberger Berman closes NB Private Equity Impact Fund at nearly $280m, HSBC AM launches fintech venture capital strategy, Slate rounds up close to $600m for first credit fund, Trifecta Capital raises $130m for close of VC fund, Lumira Ventures closes on $255m of new capital to build transformative healthcare companies[more]

    Apollo investors look past Black-Epstein tie to back impact fund From Bloomberg: The backlash against Apollo Global Management Inc. over Leon Black's ties with sex offender Jeffrey Epstein is waning, with investors lining up to entrust the firm to manage investments dedicated to social

  5. Investing: Tiger Global: The technology investor ruffling Silicon Valley feathers, Addepar raised $150m from hedge fund D1[more]

    Tiger Global: The technology investor ruffling Silicon Valley feathers From FT: For the first 15 years of running Tiger Global Management, Chase Coleman wore a suit every day in the hopes that investors would look past his inexperience. Today, his firm faces a different kind of reputat