Tue, Nov 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. PE/VC: Moody's warns of 'systemic risks' in private credit industry, Sequoia to restructure itself away from traditional VC model, Modeling private equity market beta, VC investors pour money into Chinese start-ups despite regulatory crackdown[more]

    Moody's warns of 'systemic risks' in private credit industry From FT: The burgeoning private credit industry of lending to buyout groups has grown to about $1tn, but opacity, eroding standards and the difficulty in trading these slices of debt pose "systemic risks", according to rating

  2. PE/VC: Private equity M&A frenzy has cautious undertones, Venture capital exit values soar, Private equity and venture capital drove outsized returns at Bowdoin, Harvard, and the University of Pennsylvania, Private equity tops explosive tech growth as returns rocket[more]

    Private equity M&A frenzy has cautious undertones From Reuters: Private equity dealmakers are in two minds. Buyout barons, led by titans like Blackstone boss Steve Schwarzman, are on track for a record year for takeovers. Yet they're also offloading companies at a much faster pace than

  3. SPACs: Trump-tied SPAC seeks Wall Street support, Nextdoor surges in public market debut after SPAC merger, Barrows Hotel Enterprises considers SPAC merger, Aussie SPAC targets big deal after NASDAQ IPO[more]

    Trump-tied SPAC seeks Wall Street support From Al Jazeera: Day traders and Reddit enthusiasts helped fuel a spectacular rally in Digital World Acquisition Corp shares, which reached a closing high of $94.20 last month before leveling out to recently trade around $60. The blank-ch

  4. Tiger funds change some stripes, Melvin Capital's comeback plan, What's behind Sachem Head's surge?, One of Asia's oldest hedge funds is buying distressed China debt[more]

    Tiger funds change some stripes From Institutional Investor: Falcon Edge, Light Street, Lone Pine, Viking, and Hound made significant buys and sells in the third quarter. Falcon Edge Capital Management exited its two largest U.S. long positions in the third quarter, according to

  5. Opalesque Exclusive: TRF - the right product at the right time (part 1)[more]

    B. G., Opalesque Geneva: Eurex, an international derivatives exchange and a member of the Deutsche Börse Group, has been churning out its pioneering Total Return Futures (TRF) since 2016. In a