The Eurekahedge Report - September 2012

Hedge funds recorded their second month of gains in August amid rallying markets and further monetary stimulus from major central banks around the globe. The benchmark Eurekahedge Hedge Fund Index rose 0.63%¹ while the MSCI World Index returned 1.64%² over the month. US$7.83 billion in total assets were added during August, of which US$2.88 billion came from managers’ performance and the remaining US$4.95 billion from investment inflows. Total industry size now stands at US$1.74 trillion, the highest level since April 2012.

Highlights of hedge fund performance and asset flows for the month are as follows:

August 2012	US$ billion
Allocation (Inflows)	13.11
Redemption (Outflows)	-8.16
Net Asset Flows	-4.95
Positive Performance (Growth)	4.41
Negative Performance (Decline)	-1.53
Total	2.88
Overall Total	7.83

To read more, please see full Eurekahedge Report, also accessible on Scribd & Issuu.

Hedge funds up for a second consecutive month

Hedge funds up 0.47% in August as market sentiment remained optimistic

Hedge funds posted another month of positive returns for August as the Eurekahedge Hedge Fund Index gained 0.47%¹ during the month. Market sentiment was optimistic for most of the month, with prospects for QE3 increasing, positive signals from the Euro zone and stronger US economic data. The MSCI World Index was up by 1.64%² in August.

Key takeaways for the month of August 2012:

• Hedge funds gained 0.47% in August and were up 3% year-to-date.
• Relative value hedge funds were up 7.34% August year-to-date and have attracted significant assets in 2012 – total AUM now stands at US$60 billion.
• Event driven posted their best return in six months – the Eurekahedge Event Driven Hedge Fund Index was up 1.65%.
• Distressed debt hedge funds also saw their best results in six months with the Eurekahedge Distressed Debt Hedge Fund Index gaining 1.07%.
• The Mizuho-Eurekahedge Emerging Markets Index rose 1.63% in August.
• CTA/managed futures funds have witnessed six months of net negative asset flows, losing US$16 billion since February 2012.

To read more, please see the full Eurekahedge Index Flash, also accessible on Scribd and Issuu.

The Eurekahedge Report - August 2012

Hedge funds rebounded 1.10% in July after four months of negative returns, outperforming underlying markets by a small margin as the MSCI World Index returned 1.05% over the month. Most regional and strategic mandates witnessed net gains by the end of July in part due to strong rallies in the commodities and fixed income sectors. Managers added US$14.75 billion to their books through performance while investors withdrew a net US$4.19 billion from hedge funds bringing the size of the industry to US$1.74 trillion.

Highlights of hedge fund performance and asset flows for the month are as follows:

July 2012	US$ billion
Allocation (Inflows)	12.03
Redemption (Outflows)	-16.22
Net Asset Flows	-4.19
Positive Performance (Growth)	16.89
Negative Performance (Decline)	-2.14
Total	14.75
Overall Total	10.56

To read more, please see full Eurekahedge Report, also accessible on Scribd & Issuu.

Hedge funds rebound after four months of negative returns

Hedge funds up 1.15% in July

Hedge funds posted positive returns for July, making it the first month since February to witness healthy returns. In July, the Eurekahedge Hedge Fund Index was up 1.15%¹, as managers capitalised on trends across several asset classes. Comparatively the MSCI World Index was up 1.05%².

Key highlights for July 2012:

• Hedge funds were back in the black with positive performance numbers in July after four months of negative returns.
• CTA/managed futures funds witnessed the best monthly return since December 2010, gaining 2.56% in July 2012; systematic trading managers posted 3% returns.
• The Mizuho-Eurekahedge Top 100 Index rose 2.11% in July, which was double the gain posted by global markets³.
• Latest research showed that investors increased allocations to global macro investing funds and macro managers have raised over US$25 billion June year-to-date.
• North American fixed income hedge funds witnessed their highest monthly in more than 10 years – gaining 3.95% during the month⁴.

To read more, please see the full Eurekahedge Index Flash, also accessible on Scribd and Issuu.