Tue, Aug 16, 2022
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurekahedge: Hedge fund managers up 0.76% in August

Thursday, September 23, 2021
Opalesque Industry Update - Hedge fund managers were up 0.76% in August, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 2.45% during the month. In terms of 2021 performance, global hedge funds were up 8.54%, recording the strongest August year-to-date return since 2009 despite the ongoing pandemic. Around 79.8% of the constituents of the Eurekahedge Hedge Fund Index generated positive returns in 2021.

On an asset-weighted basis, hedge funds were up 0.19% in August, as captured by the Eurekahedge Asset Weighted Index - USD. In terms of 2021 performance, the index is only up 3.92%, highlighting the struggles for some of the larger asset managers over the year.

The Eurekahedge North American Hedge Fund Index returned 0.84% in August, trailing behind the S&P 500 and DJIA which returned 2.90% and 1.22% respectively. In terms of 2021 performance, North American hedge funds have returned 11.94% - posting the highest 2021 YTD return among the regional indices.

The Eurekahedge European Hedge Fund Index returned 1.02% in August supported by the robust performance of the pan-European Euro Stoxx 50 which returned 2.62%. In terms of 2021 performance, European hedge funds have returned 7.77% - posting the second highest 2021 YTD return among the regional indices.

The Eurekahedge Distressed Debt Hedge Fund Index gained 0.98% in August, extending their streak of consecutive positive monthly returns to 11 months. In terms of 2021 performance, distressed debt hedge funds outperformed all of their main strategic peers and were up 12.33%, recording their strongest August year-to-date return since 2009.

The Eurekahedge Event Driven Hedge Fund Index returned 0.72% in August, paring some of the losses incurred in July. In terms of 2021 performance, event driven hedge funds have returned 10.82% - posting the second highest 2021 YTD return among the main strategy indices.

The Eurekahedge Long Short Equities Hedge Fund Index returned 0.97% in August, fully recovering the losses incurred in the previous month. In terms of 2021 performance, long/short equities hedge funds have returned 10.54% - posting the third highest 2021 YTD return among the main strategy indices.

Fund managers focusing on cryptocurrencies were up 19.29% in August as tracked by the Eurekahedge Crypto-Currency Hedge Fund Index, trailing behind Bitcoin which gained 11.33% over the same period. In terms of 2021 return, cryptocurrency hedge funds have gained 137.20%, outperforming Bitcoin which returned 63.35% over the first eight 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. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  2. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  3. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du

  4. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  5. Opalesque Exclusive: This European mezzanine debt strategy offers equity-like returns with downside protection[more]

    B. G., Opalesque Geneva for New Managers: Mezzanine financier SIG-i operates in a relatively uncrowded space by proactively manufacturing financing solutions as an alternative to traditional debt and equity instrume