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Key Trends in European Hedge Funds (December 2020)

The Eurekahedge European Hedge Fund Index was down 2.31% as of October 2020 year-to-date, outperforming the MSCI AC Europe IMI, which lost 17.41% over the same period. In the first 10 months of 2020, the European equity markets plunged across the board as the COVID-19 pandemic worsened, forcing many European governments to implement stringent social distancing and lockdown measures which had a negative impact on economic activity, resulting in the weak performance of the region’s equity market particularly in February and March. The CAC 40 and DAX recorded 18.0% and 16.4% of losses in March alone. In terms of year-to-date, the FTSE 100 was the worst performer among its European peers, declining 26.1% during the first 10 months of 2020 as the negotiation around the Brexit transition also posed challenges in the UK. In the same vein, the CAC 40 and the DAX are down 23.2% and 12.8% over the same period.

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