Opalesque Industry Update - Key highlights for June 2015, from the July 2015 Eurekahedge Report:
Asia ex-Japan mandated hedge funds suffered their worst month of losses since June 2013, down 1.58% as Chinese equity markets entered into correction during the month. The Shenzhen and Shanghai Composite Indices declined by 11.78% and 7.25% during the month respectively. Talks between Greece and its creditors further overshadowed markets with European managers also posting losses of 1.13% during the month. Hedge fund managers with exposure to Europe suffered steep losses, due to the sell-off in European equity markets as the escalating Greek debt crisis increased market uncertainty. While Asia ex-Japan and Europe mandated funds have languished this month, Japanese and Latin American managers emerged as the top performer for the month across all regional mandates, up 0.39% and 0.29% respectively despite meek global equity performance and volatile market environment. Japanese managers were the top performers this month with gains of 0.39%, despite a retreat of the Nikkei 225 and the Tokyo Topix, which were down 1.59% and 2.58%. Indeed, the Nikkei 225 was exhibiting price volatilities during June as the stock market was not isolated from the excessive sell off in the Chinese stock market towards the month-end. As the Chinese equity market entered into correction, Japanese equity markets were not spared from the trickledown effect of stock price volatility occurring in the region. Despite this, Japanese managers were able to post positive gains during the month with managers utilising market neutral strategies coming out on top. Latin American managers were the next best performers with gains of 0.29%. Despite flat equity market performance in the Asian, European and North American regions, Latin American stock markets performed relatively well during the month with the IBOVESPA and IPC General gaining 0.78% and 0.61%. Latin American long/short equities managers were also the best regional performer for the long/short equities strategy this month, gaining 0.89%.
Mizuho-Eurekahedge Asset Weighted Index For information about the report, please visit us at www.eurekahedge.com or contact Christine Chng at christine@eurekahedge.com. Press release Bg |
Industry Updates
Hedge fund AuM have increased by $93 billion in first six months of 2015
Wednesday, July 22, 2015
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