Mon, Dec 6, 2021
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund managers returned 1.51% in October

Friday, November 19, 2021
Opalesque Industry Update - Hedge fund managers returned 1.51% in October, underperforming the global equity market as represented by the MSCI ACWI (Local) which returned 4.61% during the month. In terms of 2021 performance, global hedge funds were up 9.18%, with more than a third of the constituents of the Eurekahedge Hedge Fund Index generating double-digit returns in 2021.

On an asset-weighted basis, hedge funds returned 0.94% in October, as captured by the Eurekahedge Asset Weighted Index - USD. In terms of 2021 performance, the index is up 4.22%, with its underlying strategic mandate CTA/managed futures posting the best performance with 8.28% over the same period.

The Eurekahedge North American Hedge Fund Index returned 2.36% in October, thanks to the strong corporate earnings and dovish stance of the Fed on their policy rate which boosted the performance of US equities. On a year-to-date basis, North American managers were up 13.78%, outperforming their European and Asia ex Japan peers who returned 8.48% and 7.61% respectively over the first 10 months of the year.

The Eurekahedge Indian Hedge Fund Index was down 0.14% in October, underperforming their Greater China peers which were up 2.70% over the same month. In terms of year-to-date return, Indian hedge fund managers gained 25.97% over the first 10 months, outperforming their broader Asia ex-Japan and Greater China peers which posted 8.48% and 2.48% respectively. The improving consumer confidence in India on top of recovery from the COVID-19 pandemic has turned foreign investors into net buyers into the region's equity market.

The Eurekahedge CTA/Managed Futures Hedge Fund Index gained 2.41% in October, outshining their strategic peers over the month. Fund managers benefitted from the sharp increase in oil prices, supported by the refusal of OPEC+ to increase production. In terms of year-to-date return, CTA/managed futures hedge funds were up 8.43%, with more than 40% of the mandate gaining a double-digit return over the year.

Structured credit fund managers maintained their winning edge as they returned 0.72% in October, recording their 19th consecutive month of positive performance. On a year-to-date basis, the Eurekahedge Structured Credit Hedge Fund Index was up 9.14% over the first 10 months of the year, while their accumulated return since end-March 2020 rose to 36.86%.

Fund managers focusing on cryptocurrencies returned 26.65% in October as tracked by the Eurekahedge Crypto-Currency Hedge Fund Index, supported by the performance of Bitcoin which returned 48.93% over the same period. In terms of 2021 return, cryptocurrency hedge funds have gained 179.32%, outperforming Bitcoin which returned 115.04% over the first 10 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. 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

  2. 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

  3. SPACs: Hambro Perks eyes first London SPAC listing under new rules, SPACs churn out restatements, again, to correct accounting, Investment manager's SPAC Investcorp Europe Acquisition I files for a $250m IPO[more]

    Hambro Perks eyes first London SPAC listing under new rules From Bloomberg: U.K. venture capital firm Hambro Perks Ltd. aims to raise 140 million pounds ($187 million) listing a special purpose acquisition company in London, in what could be the market's first major blank-check offerin

  4. 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

  5. Coinbase co-founder launches biggest VC fund in crypto, Valkyrie launches $100m DeFi hedge fund, Kyle Bass says the big money has been made in bitcoin[more]

    Coinbase co-founder launches biggest VC fund in crypto From the FT: Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang have finished raising $2.5bn this month for Paradigm One, their first venture capital fund. Investors jockeyed to commit money to the fund, allo