Hedge funds end 7 month winning streak, down 1.47%

Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month. The Eurekahedge Hedge Fund Index was down 1.47%¹ in June, outperforming the MSCI World Index² which lost by 3.10% during the month.

Key takeaways for the month of June 2013:

• Hedge funds witnessed first losing month of the year, down 1.47% in June 2013
• Japanese hedge funds outperformed underlying stocks, up by 0.15% in June and 17.38% year-to-date
• Launch activity picks up with more than 300 funds launched so far in the year
• Eurekahedge is currently tracking more than 500 funds that have delivered over 15% year-to-date and 250 funds that are up by over 20% year-to-date
• Distressed debt funds end 11-month winning run after gaining 21% from June 2012 to May 2013
• CTA/managed futures funds in negative territory for the year, down 1.35% year-to-date

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

The Eurekahedge Report - June 2013

The benchmark Eurekahedge Hedge Fund Index was up 0.40%¹ in May while the MSCI World Index was down 0.45%² over the month. Total assets under management were up by US$3.06 billion during May – the sector witnessed net positive asset flows of US$4.59 billion while losing US$1.53 billion through performance-based losses. The total size of the industry now stands at US$1.88 trillion.

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

May 2013	US$ billion
Allocation (Inflows)	35.85
Redemption (Outflows)	-31.26
Net Asset Flows	4.59
Positive Performance (Growth)	5.02
Negative Performance (Decline)	-6.55
Total	-1.53
Overall Total	3.06

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

Hedge funds attract US$50 billion in five months

Hedge funds attract US$50 billion in five months
Hedge funds witnessed the seventh consecutive month of positive returns in May amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.20%¹ during the month, while the MSCI World Index² was down 0.45% in May.
Key takeaways for the month of May 2013:

• Hedge funds witnessed the 5th consecutive month of net allocations and 7th consecutive month of positive returns - up 3.89% year-to-date
• Total asset flows for 2013 currently stand at US$50 billion with total size of the industry at US$1.87 trillion
• Asia ex-Japan hedge funds outperformed underlying markets for three consecutive months - up 3.26% since end-February
• Eurekahedge is currently tracking almost 500 funds that have delivered more than 15% year-to-date and 250 funds that are up by over 20% year-to-date
• Distressed debt funds extended winning streak to 11 consecutive months, gaining 21% since end-June 2012
• CTA/managed futures funds declined by 1.69% in May 2013

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

The Eurekahedge Report - May 2013

Hedge funds posted positive returns in April, amid divergent trends in global markets. The benchmark Eurekahedge Hedge Fund index was up 0.87%¹ while the MSCI World Index was up 2.02%² over the month. Total assets under management were up by US$19.87 billion during April – the sector witnessed net positive asset flows of US$7.13 billion while witnessing profits of US$12.75 billion through performance-based gains. The total size of the industry now stands at US$1.87 trillion.

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

April 2013	US$ billion
Allocation (Inflows)	18.78
Redemption (Outflows)	-11.65
Net Asset Flows	7.13
Positive Performance (Growth)	14.91
Negative Performance (Decline)	-2.16
Total	12.75
Overall Total	19.87

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

Hedge funds continue on positive track, global index up 4%

Hedge funds posted positive returns in April as most markets trended upwards during the month. The Eurekahedge Hedge Fund Index was up 1.09%¹ during the month, while the MSCI World Index² gained 2.02% in April.

Key takeaways for the month of April 2013:

• Japanese hedge funds witnessed strongest April and 4-months on record returns, gaining 4.22% and 15.87% respectively
• The Eurekahedge Billion Dollar Hedge Fund Index is up 4.01% April YTD with total assets standing at US$253 billion
• Asia ex-Japan hedge funds outperformed underlying markets for second consecutive month
• Eurekahedge is currently tracking more than 250 funds that have delivered over 15% year-to-date
• Distressed debt funds extend their winning streak to 10 months, gaining 23% since July 2012
• The asset-weighted Mizuho-Eurekahedge Asia Pacific Index was up 6.89% in April YTD

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

The Eurekahedge Report - April 2013

Hedge funds posted positive returns in March, amid divergent trends in global markets. The benchmark Eurekahedge Hedge Fund index was up 0.69%¹ while the MSCI World Index was up 1.76%² over the month. Total assets under management were up by US$9.19 billion during March and the sector witnessed net positive asset flows of US$2.20 billion along with profits of US$6.99 billion through performance-based gains. The total size of the industry now stands at US$1.83 trillion.

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

March 2013	US$ billion
Allocation (Inflows)	15.18
Redemption (Outflows)	-12.98
Net Asset Flows	2.20
Positive Performance (Growth)	15.80
Negative Performance (Decline)	-8.81
Total	6.99
Overall Total	9.19

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

Hedge funds up in 1Q 2013, attract US$20 billion

Hedge funds posted positive returns in March amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.71%¹ during the month, while the MSCI World Index² gained 1.76% in March.

Key takeaways for the month of March 2013:

• Early reports indicate positive asset flows to hedge funds in March; 1Q 2013 witnessed positive asset flows of US$20 billion
• Japanese hedge funds witnessed the strongest quarter on record, up 10.78% in 1Q 2013
• Launch activity picks up in 2013 with nearly 200 funds launched so far in the year
• Asia ex-Japan and European hedge funds outperformed underlying markets by 2.3% and 0.41% respectively
• Distressed debt and event driven were the best performing strategies in 1Q 2013, up more than 5% each year-to-date
• The asset-weighted Mizuho-Eurekahedge Asia ex-Japan Index grew 6.35% in 1Q 2013 

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

The Eurekahedge Report - March 2013

Hedge funds outperformed the markets and delivered marginally positive returns in February. The benchmark Eurekahedge Hedge Fund index was up 0.22%¹ while the MSCI World Index was down 0.07%² over the month. Total assets under management were up by US$5.00 billion during February – the sector witnessed net positive asset flows of US$5.35 billion while losing US$0.35 billion through performance-based losses. The total size of the industry now stands at US$1.81 trillion.

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

February 2013	US$ billion
Allocation (Inflows)	15.14
Redemption (Outflows)	-9.79
Net Asset Flows	5.35
Positive Performance (Growth)	6.05
Negative Performance (Decline)	-6.40
Total	-0.35
Overall Total	5.00

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

Global hedge funds up in Feb, Japan managers deliver record returns

Hedge funds posted positive returns in February amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.13%¹ during the month, outperforming the MSCI World Index² which was down 0.07%. 

Key takeaways for the month of February 2013:

• The Eurekahedge Japan Hedge Fund Index crossed the 200-point mark for the first time to reach its highest level on record
• Japanese hedge funds witnessed the strongest 3-month return on record, up by 10.50%
• Nearly 200 hedge funds are up more than 10% so far in the year
• 23% of early reporting funds attract assets in February
• Asia ex-Japan and European hedge funds outperformed underlying markets by 0.07% and 3.28% respectively
• Event driven hedge funds witnessed the ninth consecutive month of positive returns - up nearly 10% since June last year
• The asset-weighted Mizuho-Eurekahedge Asia ex-Japan Long Short Equities Index was up 1.02% in January

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

The Eurekahedge Report - February 2013

Hedge funds posted their strongest January performance since 2006 amid rallying equity markets globally. The benchmark Eurekahedge Hedge Fund Index was up 2.32%¹ while the MSCI World Index gained 4.66%² over the month. Total assets under management were up by US$17.8 billion during December – the sector added performance-based gains of US$13.9 billion while also witnessing net positive asset flows of US$3.9 billion. The total size of the industry now stands at US$1.79 trillion.

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

January 2013	US$ billion
Allocation (Inflows)	19.60
Redemption (Outflows)	-15.74
Net Asset Flows	3.86
Positive Performance (Growth)	23.02
Negative Performance (Decline)	-9.09
Total	13.93
Overall Total	17.79

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

Hedge funds start the year with positive returns of 1.98%

Hedge funds posted excellent returns in January on the back of rising risk appetite and rallying equity markets globally. The Eurekahedge Hedge Fund Index was up 1.98%¹ during the month, while the MSCI World Index² gained 4.66%. 

Key takeaways for the month of January 2013:

• 80% of hedge funds reported positive performance in January, compared to the 2012 monthly average of 60%
• Asia ex-Japan and Eastern Europe & Russia hedge funds outperformed underlying markets, up by 5.03% and 7.67% respectively
• Distressed debt hedge funds gained 3.47% in January; delivering the strongest results among the various strategies for 6 consecutive months with gains of 14% over this period
• Japanese hedge funds witnessed the strongest January return on record
• Relative value funds continued their winning streak into the 8th month with gains of 1.12% in January
• The asset-weighted Mizuho-Eurekahedge Asia ex-Japan Long Short Equities Index was up 4.64% during the month
• CTA/managed futures funds gained 1.69% in January – more than their annual 2012 return

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

The Eurekahedge Report - January 2013

Hedge funds delivered positive performance in December, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 1.46%¹ while the MSCI World Index gained 2.22%² over the month. Total assets under management were up by US$1.4 billion during December – the sector added performance-based gains of US$9.9 billion while witnessing net negative asset flows of US$8.5 billion. The total size of the industry now stands at US$1.77 trillion.

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

December 2012	US$ billion
Allocation (Inflows)	26.18
Redemption (Outflows)	-34.72
Net Asset Flows	-8.54
Positive Performance (Growth)	11.19
Negative Performance (Decline)	-1.26
Total	9.94
Overall Total	1.40

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

Hedge funds end 2012 with gains of 6.19%, assets at US$1.78 trillion

2012 finished up on a positive note with hedge funds posting substantial gains across all regional and strategic mandates in December. The Eurekahedge Hedge Fund Index was up 1.46%¹, bringing its year-to-date return to 6.19%. The capital-weighted Mizuho-Eurekahedge Top100 Index, which tracks the assets and performance of the largest 100 hedge funds, gained 5.82% in 2012.

Key takeaways for the month of December 2012:

• The Eurekahedge Hedge Fund Index was up 1.46% in December and up 6.19% in 2012
• Distressed debt funds continued to be the year’s best performing strategy with gains of 1.61% in December and 12.87% year-to-date

• Total asset flows for the year stood at US$69 billion, taking the size of the industry to US$1.78 trillion
• North American hedge funds attracted the most assets out of all regions in 2012 with inflows of US$56 billion, 5% growth. Relative value mandated funds witnessed the largest percentage increase in AUM year on year - US$11 billion, or up 23% in 2012
• 821 funds were launched in 2012 with 778 closures as compared with 1139 launches and 841 closures in 2011
• In 2012, 1664 hedge funds reported annual returns above 10% and 555 hedge funds with an annual return above 20%
• Latin American (10.30%) and Eastern European & Russian (7.95%) funds were 2 of the regional mandates that outperformed equity markets

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

The Eurekahedge Report - December 2012

Hedge funds delivered positive performance in November, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 0.42% while the MSCI World Index gained 1.05% over the month. Total assets under management were up by US$7.68 billion during November, of which US$5.85 billion were added through net positive asset flows and the remaining US$1.82 billion through performance-based gains. The total size of the industry now stands at US$1.77 trillion.

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

November 2012	US$ billion
Allocation (Inflows)	33.41
Redemption (Outflows)	-27.56
Net Asset Flows	-5.85
Positive Performance (Growth)	9.92
Negative Performance (Decline)	-8.10
Total	1.82
Overall Total	7.68

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

Hedge funds report positive returns despite slow start in November

Hedge funds gain 0.52% in November

Hedge funds posted marginal gains in November amid mid-month reversals in market trends. The Eurekahedge Hedge Fund Index was up 0.52%¹ bringing its year-to-date (YTD) return to 4.51%. In contrast the MSCI World Index gained 1.05%² for the month.

Key takeaways for the month of November 2012:

• Asia ex-Japan hedge funds were up 1.20% in November, making it the 4th consecutive month of positive returns – with the funds gaining 6.07% during this period
• The asset weighted Mizuho-Eurekahedge Asia Pacific ex-Japan Index was up 12.15% November YTD
• Event driven funds in Europe posted their strongest monthly return in three and a half years - gaining 4.77% in November
• Relative value funds continued their winning streak into the sixth month, with gains of 0.62% in November and 9.36% year-to-date
• European funds focused on distressed debt have posted returns of more than 20% YTD 
• Long-only absolute return funds have delivered much stronger performance than hedge funds in 2012, up 12.23% YTD

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

The Eurekahedge Report - November 2012

Hedge funds witnessed a flat to marginally negative performance in October, amid falling equity markets, trend reversals in various sectors and increasing risk aversion among investors. The benchmark Eurekahedge Hedge Fund Index was down 0.19%while the MSCI World Index dropped by 0.76% over the month. Total assets under management (AUM) declined by US$11.47 billion during October, of which US$5.8 billion were attributed to performance and the remaining US$5.68 billion due to net outflows - bringing the total size of the industry to US$1.76 trillion.

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

October 2012	US$ billion
Allocation (Inflows)	11.04
Redemption (Outflows)	-16.72
Net Asset Flows	-5.68
Positive Performance (Growth)	26.65
Negative Performance (Decline)	-32.44
Total	-5.80
Overall Total	-11.47

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

Hedge funds end winning streak and see red during October

Hedge funds dipped 0.51% amid dim global economic outlook

Hedge funds finished October in the red amid trend reversals, across a variety of sectors, which made for a difficult trading environment. The Eurekahedge Hedge Fund Index was down 0.51%. In contrast the MSCI World Index dropped by 0.76%¹ for the month. On the whole, however, the Eurekahedge Hedge Fund Index is in positive territory for 2012 — its return now sits at 3.81% year-to-date (YTD).

Key takeaways for the month of October 2012:

• Hedge funds saw their winning streak end with a loss in October — but they remain in the black, having gained 3.81% YTD
• Asia ex-Japan mangers continued their impressive 2012 performance by gaining 1.75% in October
• The asset weighted Mizuho-Eurekahedge Asia ex-Japan Long/Short Equity Index gained nearly 2% in October, showing that the larger funds in the region delivered the strongest gains
• Distressed debt funds were up for the 4th consecutive month in October and gained 1.87% during the month – they are now up 7.31% since end-June and 10.53% October YTD 

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

The Eurekahedge Report - October 2012

Hedge funds witnessed a third consecutive month of gains in September amid rallying markets and further monetary stimulus from major central banks around the globe. The benchmark Eurekahedge Hedge Fund Index rose 1.03%¹ while the MSCI World Index returned 2.29%² over the month. US$8.1 billion in total assets were added during September, of which US$5.1 billion came from managers’ performance while the remaining US$2.9 billion came from investment inflows bringing the total size of the industry to US$1.76 trillion.

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

September 2012	US$ billion
Allocation (Inflows)	12.72
Redemption (Outflows)	-9.79
Net Asset Flows	2.93
Positive Performance (Growth)	8.10
Negative Performance (Decline)	-2.96
Total	5.14
Overall Total	8.06

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