Staff
Hedge funds rebounded strongly in August, with the Eurekahedge Hedge Fund Index up 1.36%, while the MSCI World Index gained 2.48%.
On a year-to-date basis, hedge funds are up 4.22%, falling slightly behind underlying markets, as the MSCI World Index returned 5.96% over the same period.
Key findings include the following:
- preliminary figures show that managers posted performance-based gains of US$5.5 billion during the month;
- emerging markets and North America investing managers delivered the best year-to-date returns of 5.61% and 5.44%, respectively;
- hedge funds saw their largest net asset outflows for the year in July—with investors redeeming US$4.72 billion in mid-year withdrawals;
- India-focused hedge funds posted their seventh consecutive month of gains, up 1.92% in August and 28.17% year to date;
- Eastern Europe and Russia investing funds lost 1.35% during the month and are down 5.96% year to date—the worst performer among all regional mandates;
- fixed income hedge fund strategies were up 0.28% in August, posting their 12th consecutive month of gains; year to date, they have increased 4.49%; and
- Japanese hedge funds posted their fourth consecutive month of gains, outperforming the benchmark Nikkei 225 index by more than 7% year to date.
This article was originally published on our sister site, Advisor.ca.
Related articles: