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

Hedge fund managers up 0.26% in June, says Eurekahedge

Thursday, July 22, 2021
Opalesque Industry Update - Hedge fund managers were up 0.26% in June, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 1.93% during the month. In terms of 2021 performance, global hedge funds were up 8.09%, recording the strongest June year-to-date return since 2009 despite the ongoing pandemic.

Roughly 58.2% of the underlying constituents of the Eurekahedge Hedge Fund Index posted positive returns in June, and 30.6% 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 down 1.09% in June, as captured by the Eurekahedge Asset Weighted Index - USD. In terms of 2021 performance, the index is only up 3.64%, highlighting the struggles for some of the larger asset managers over the year.

The Eurekahedge North American Hedge Fund Index was up 1.13% in June, supported by the strong performance of the S&P 500 and NASDAQ which returned 2.22% and 5.49% respectively. In terms of 2021 performance, North American hedge funds have returned 11.54%, outperforming their regional peers as the economy continues its reopening and more and more people are returning to work.

The Eurekahedge Indian Hedge Fund Index was up 2.14% in June, outperforming the BSE SENSEX index which gained 1.05% over the month. Despite the stubbornly high numbers of new COVID-19 cases in India driven by the Delta variant, the OECD has projected India's economy to expand by 9.9% and become the fastest-growing G20 economy in 2021. In terms of 2021 performance, Indian hedge funds were up 15.44%, outperforming their Greater China counterparts which returned 5.89% over the first six months of 2021.

The Eurekahedge Distressed Debt Hedge Fund Index gained 1.93% in June, outperforming all of their main strategic peers. In terms of 2021 performance, distressed debt hedge funds have returned 10.56%, recording their best June year-to-date return since 2009.

The Eurekahedge Long Short Equities Hedge Fund Index was up 0.72% in June, extending their streak of consecutive positive returns to nine months. In terms of 2021 performance, long/short equities hedge funds have returned 10.53%, recording their strongest June year-to-date return since 2009.

Fund managers focusing on cryptocurrencies were down 10.45% in June as tracked by the Eurekahedge Crypto-Currency Hedge Fund Index, trailing behind Bitcoin which gained 0.55% over the same period. In terms of 2021 return, cryptocurrency hedge funds have gained 82.95%, outperforming Bitcoin which returned 24.95% over the first six months of the year.

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