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The Eurekahedge Report - December 2020

December 2020 | Eurekahedge


The benchmark Eurekahedge Hedge Fund Index was up 4.50% in November 2020 and up 8.09% year-to-date. Total assets under management increased by US$35.1 billion during the month as the sector witnessed performance-based gains of US26.3 billion while registering net asset inflows of US$8.8 billion.

Asset Flows Update

December 2020 | Eurekahedge


The Eurekahedge Hedge Fund Index was up 4.50% in November 2020 on the back of the robust performance of the global equity market as represented by the MSCI ACWI which gained 11.63% over the same period. Global equities reacted positively to the relatively smooth conclusion of the US presidential election and better-than-expected results of the effectiveness of the COVID-19 vaccines, eclipsing worries about the near-term economic outlook. In Europe, despite the reimposition of restrictive lockdown measures across many countries in the region to curb the increasing number of new COVID-19 infections, European stock indices rallied strongly as news of the better-than-expected efficacy of several vaccine candidates led to optimism that the worst of the pandemic could soon be over.

Hedge Fund Performance Commentary

December 2020 | Eurekahedge


The Eurekahedge Hedge Fund Index was up 4.50% in November 2020, supported by the strong performance of the global equity market as reflected by the 11.63% return of the MSCI ACWI during the month. Global equities ended the month in strong positive territory due to the relatively smooth conclusion of the US presidential election and the announcement of three vaccines that are effective against COVID-19, eclipsing worries about the near-term economic outlook. Despite the reimposition of restrictive lockdown measures across many European countries to curb the increasing number of new COVID-19 infections, European stock indices rallied strongly as news of the better than expected efficacy of several vaccine candidates led to optimism that the worst of the pandemic could soon be over.

Key Trends in European Hedge Funds (December 2020)

December 2020 | Eurekahedge


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.

European Hedge Funds Infographic December 2020

December 2020 | Eurekahedge


Eurekahedge’s European hedge funds infographic sums up the industry as at December 2020. Find out more about global 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.