Eurekahedge: hedge funds show weakest monthly performance since 2011
19 September 2018 London
Image: Shutterstock
Hedge funds are up 0.45 percent for the year, their weakest performance on record since 2011, according to the September 2018 issue of the Eurekahedge report.
The report found almost 46 percent of the managers are ahead for the year with 12 percent of these managers posting double-digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have increased by $7.4 billion as of August 2018 year-to-date, down from $147.4 billion over the same period last year as performance-driven losses and subdued allocations from investors cap asset growth.
Barring January this year, investors have redeemed $25.4 billion from hedge funds globally through to August.
Emerging markets-focused mandates are in the red for the year, down 3.05 percent year-to-date.
Asian managers are down 2.26 percent for the year and underlying Eurekahedge Greater China Hedge Fund Index posted losses of 5.94 percent as of August 2018.
Across strategies, distressed debt, relative value and event-driven hedge funds lead for the year up 7.46 percent, 3.79 percent and 1.70 percent, respectively.
Across both equities and fixed income assets, North American hedge fund managers remain the bright spot, said Eurekahedge.
Underlying long/short equity managers are up 5.65 percent whilst fixed income-focused mandates have gained 5.35 percent as of August 2018 year-to-date.
In contrast, emerging markets-focused equity long/short managers are down 4.92 percent while fixed income mandates have lost 3.34 percent for the year.
The report found almost 46 percent of the managers are ahead for the year with 12 percent of these managers posting double-digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management have increased by $7.4 billion as of August 2018 year-to-date, down from $147.4 billion over the same period last year as performance-driven losses and subdued allocations from investors cap asset growth.
Barring January this year, investors have redeemed $25.4 billion from hedge funds globally through to August.
Emerging markets-focused mandates are in the red for the year, down 3.05 percent year-to-date.
Asian managers are down 2.26 percent for the year and underlying Eurekahedge Greater China Hedge Fund Index posted losses of 5.94 percent as of August 2018.
Across strategies, distressed debt, relative value and event-driven hedge funds lead for the year up 7.46 percent, 3.79 percent and 1.70 percent, respectively.
Across both equities and fixed income assets, North American hedge fund managers remain the bright spot, said Eurekahedge.
Underlying long/short equity managers are up 5.65 percent whilst fixed income-focused mandates have gained 5.35 percent as of August 2018 year-to-date.
In contrast, emerging markets-focused equity long/short managers are down 4.92 percent while fixed income mandates have lost 3.34 percent for the year.
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