The benchmark Eurekahedge Hedge Fund Index was up 0.73% in August, while the MSCI World Index was up 0.15% over the month. Total assets under management increased by US$13.7 billion during the month – the sector witnessed performance based increase of US$9.6 billion while registering net asset inflows of US$4.1 billion. The total size of the industry now stands at US$2.40 trillion.
The Eurekahedge Hedge Fund Index gained 0.73% in August while underlying markets as represented by the MSCI World Index, were up 0.15% over the same period. Among regional mandates, Latin American managers led the table, up 3.26% during the month followed by Asia ex-Japan managers who were up 1.50%. Across strategies, CTA/managed futures hedge funds led the table with gains of 1.24% followed by macro hedge funds which were up 1.04%.
Hedge funds continued their uptrend and gained 0.73% in August, outperforming underlying markets as represented by the MSCI AC World Index (Local) which gained 0.15% during the month. Almost all hedge fund strategies ended the month in the green, with CTA/managed futures up 1.24% and macro hedge funds up 1.04% delivering the strongest gains. Across regional mandates, emerging markets focused hedge funds continued to post strong gains relative to their developed market peers contributed in part by the depreciating US dollar which is down almost 9.34% year-to-date.
The Asian hedge fund industry has rebounded strongly in 2017, with managers running Asian mandates on track to outperform their global peers – Asia mandated hedge funds are up 9.86% relative to gains of 4.42% posted by the average global hedge fund. Investor appetite for the region has also picked up, with US$5.6 billion of net investor flows during the year as managers recorded US$6.7 billion in performance-based gains. Underlying Asia ex-Japan mandates have posted stellar returns, up 12.48% year-to-date helped by strong performance of underlying Greater China and India focused managers which are up 17.39% and 19.69% respectively for the year. Japanese hedge funds have also posted strong gains, and led on a year-to-date basis among developed market mandates with gains of 5.93%, while their North American and European peers gained 3.30% and 4.36% respectively.
Eurekahedge’s Asian hedge funds infographic sums up the industry as at September 2017. Find out more about Asian hedge funds' assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.
November 2016, what many thought was unthinkable became a reality when Donald Trump assumed power in the United States. His unpredictability and outspokenness had already spooked markets in the lead up to the election, but what has happened since has been quite remarkable in its own right. Markets, which once feared the idea of a Trump presidency embraced it whole-heartedly, and what President Trump had once called ‘a big, fat, ugly bubble’ got a new lease of life. The rhetoric was toned down and the handshakes were tempered as the prospect of a renewed fiscal stimulus coupled with economic de-regulation set about trying to woo markets. While little has materialized save a deadlock on Capitol Hill, markets have risen to new highs.
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