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The Eurekahedge Report - December 2014

December 2014 | Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was up 1.46% in November, while the MSCI World Index gained 2.34% over the month. Total assets under management increased by US$12.3 billion during the month as the sector witnessed performance-based gains of US$19.64 billion while registering net asset outflows of US$7.4 billion. The total size of the industry now stands at US$2.13 trillion.

Asset Flows Update for the Month of November 2014

December 2014 | Eurekahedge

Hedge funds resumed their upward climb for the year, with the Eurekahedge Hedge Fund Index gaining 1.40%, underperforming underlying markets as the MSCI World Index climbed 2.34% after bouncing back from October’s major selloff. In the US, better-than-expected unemployment and third quarter GDP figures have supported equities higher and lent additional credence to the country’s recovery.

Hedge Fund Performance Commentary for the Month of November 2014

December 2014 | Eurekahedge

Hedge funds rebounded from the prior two months’ losses, finishing the month up 1.40% , underperforming underlying markets as the MSCI World Index gained 2.34%. Global equity markets extended their rally into November after the previous month’s v-shaped recovery, with investors piling back into risky assets as October’s fall was seen as a healthy correction after a lengthy period of rising prices. Investors remained in a buoyant mood about the markets, evidenced by the CBOE VIX Index falling 4.99% during the month, with strong gains in developed economies as well as emerging Asia.

2014 Overview: Key Trends in European Hedge Funds

December 2014 | Eurekahedge

The European hedge fund industry continues its recovery amid a difficult market environment with current assets under management (AUM) standing at US$487.9 billion overseen by a population of 3,949 hedge funds. At its peak in October 2007, the European hedge fund industry’s share of global AUM was 24.9% which has since fallen to 22.9%. The total AUM of European hedge funds grew US$33.4 billion in 2014, largely on the back of new investor inflows, and is now 3.2% above its pre-crisis peak in 2007.

Interview with Manish Sonthalia, Director at India Zen Fund

December 2014 | Eurekahedge

India Zen Fund is a long-only bottoms-up approach equity fund that specialises in investing in Indian Mid-cap securities. It is sponsored by Motilal Oswal Asset Management (Mauritius) Pvt. Ltd. which is Mauritius domiciled Investment Manager and promoted by Motilal Oswal Asset Management Company Limited (MOAMC) of India. Motilal Oswal Asset Management Company (MOAMC) provides Investment Management and Advisory services to investors based within and outside of India and having Portfolio Management Services (PMS) business, ETFs business and Mutual Funds business. The firm’s total assets under management (AUM) is little over US$700 million across different products.

Belgium: Application of Islamic Finance with Minimum Legal Change

December 2014 | Nabilah Annuar,Islamic Finance News

Currently uncharted territory in the Shariah compliant landscape, Belgium is a country that offers untapped opportunities for Islamic financial transactions and products. According to estimates, Islam is the largest minority religion in the country: with approximately one million Muslims making up 6 to 7% of the entire population. Nabilah Annuar explores the intriguing potential of the Belgian market.

New Managed Accounts Exemption Opens Doors for Jersey Fund Managers

December 2014 | Robert Milner, James Mulholland, Daniel O’Connor Carey Olsen

A new exemption from the requirements of Jersey’s Financial Services (Jersey) Law 1998 (FS(J)L) has been introduced which will enable Jersey-regulated fund managers to service qualifying segregated managed accounts (QSMAs) without the need for further regulation in Jersey while continuing to benefit from Jersey’s 0% corporate income tax rate.