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The Eurekahedge Report - September 2021

September 2021 | Eurekahedge


The benchmark Eurekahedge Hedge Fund Index was up 0.76% in August 2021 and up 8.54% in 2021. Total assets under management increased by US$15.1 billion during the month – the sector witnessed performance-based gains of US$10.9 billion while registering net asset flows of US$4.3 billion. The total size of the industry now stands at US$2,409.8 billion.

Asset Flows Update

September 2021 | Eurekahedge


The Eurekahedge Hedge Fund Index was up 0.76% in August, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 2.45% over the same period. Global markets were buoyed by a rise in investor risk appetite due to the continuation of highly accommodative monetary policies and the dovish comments made by Federal Reserve chairman Jerome Powell during the Jackson Hole symposium.

Hedge Fund Performance Commentary

September 2021 | Eurekahedge


The Eurekahedge Hedge Fund Index was up 0.76% in August, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 2.45% over the same period. Global markets were buoyed by a rise in investor risk appetite due to the continuation of highly accommodative monetary policies and the dovish comments made by Federal Reserve chairman Jerome Powell during the Jackson Hole symposium.

Key Trends in Latin American Hedge Funds (September 2021)

September 2021 | Eurekahedge


The Eurekahedge Latin American Hedge Fund Index was up 2.10% as of July 2021 year-to-date, narrowly underperforming the MSCI EM Latin America Index, which gained 2.60% over the same period. The slow vaccination rollout in the Latin American region has necessitated the imposition of lockdowns in a bid to slow down the spread of the highly infectious COVID-19 virus, negatively impacting the economic recovery in the region. Most Latin American countries have struggled to secure sufficient vaccine doses due to logistical challenges that has impeded the vaccine rollout. The emergence of the Lambda variant in the region has led to worries that the pandemic could worsen, especially since studies have revealed that the Lambda variant confers significant resistance to neutralising antibodies induced by the inactivated CoronaVac vaccine, one of the major vaccines used in Latin America. As such, GDP levels in the region is expected to return to pre-pandemic levels only by the end of 2022, transla

Latin American Hedge Funds Infographic September 2021

September 2021 | Eurekahedge


Eurekahedge’s Latin American hedge funds infographic sums up the industry as at September 2021. Find out more about Latin American 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.

Key Trends in Emerging Market Hedge Funds (September 2021)

September 2021 | Eurekahedge


Emerging market hedge funds were up 4.32% over the first seven months of 2021, trailing behind their developed market counterparts in North America, Japan and Europe which returned 10.99%, 6.71% and 6.68% respectively. The economic recovery in the emerging markets has lagged their developed market counterparts due to delays in vaccine rollouts that had necessitated the imposition of harsh lockdown measures to prevent hospital systems from getting overwhelmed.

Greater China hedge funds: Daunting challenges ahead in 2021 and beyond

September 2021 | Eurekahedge


The Eurekahedge Greater China Hedge Fund Index was down 4.20% in July, reducing its year-to-date return to 1.66%. In comparison, the underlying equity market in the region as represented by the MSCI China Golden Dragon IMI recorded a loss of 9.60% over the same period. A month after Didi Global Inc. celebrated its debut in the NYSE which makes them the biggest IPO of Chinese companies listed in the US, Beijing abruptly announced a stricter policy for domestic companies listing offshore, particularly in the US. The move by the government of China raised concerns among investors who fear a wave of potential delisting of Chinese companies in the US. As a result, the region's equity market experienced a massive sell-off during the month, with the Hang Seng down by 9.94%, while China’s Shanghai Composite fell 5.40% throughout the month. Looking back at 2020, Greater China fund managers benefitted from the strong performance of the equity market in the region, supported by the rapid recovery