Eurekahedge report shows hedge funds up for the year
18 October 2018 New York
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Hedge funds are up 0.26 percent for the year, their weakest performance on record since 2011, according to the latest issue of the Eurekahedge report.
In 2011, hedge funds declined 2.96 percent in the nine months through to September.
Almost 49 percent of the managers are in the green for the year with roughly 11 percent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management (AUM) have increased by $8 billion as of September 2018 year-to-date, down from $150.7 billion over the same period last year as performance-driven losses and subdued allocations from investors cap asset growth.
Excluding January, investors have redeemed $31.4 billion from hedge funds globally through to September.
Emerging markets-focused mandates are in the red for the year down 3.43 percent year-to-date, with Asian managers down 4.05 percent for the year and the underlying Eurekahedge Greater China Hedge Fund Index posting losses of 8.16 percent as of September 2018.
Across strategies, distressed debt, relative value and fixed income hedge funds lead for the year up 8.63 percent, 3.37 percent and 1.66 percent, respectively.
Across both equities and fixed income assets, North American hedge fund managers remain the bright spot with underlying long/short equity managers up 5.74 percent while fixed income-focussed mandates have gained 5.35 percent as of September 2018 year-to-date.
In contrast, emerging markets-focused equity long/short managers are down 6.32 percent while fixed income mandates have lost 1.56 percent for the year.
In 2011, hedge funds declined 2.96 percent in the nine months through to September.
Almost 49 percent of the managers are in the green for the year with roughly 11 percent of these managers posting double digit gains as tracked in the Eurekahedge Global Hedge Funds Database.
Total assets under management (AUM) have increased by $8 billion as of September 2018 year-to-date, down from $150.7 billion over the same period last year as performance-driven losses and subdued allocations from investors cap asset growth.
Excluding January, investors have redeemed $31.4 billion from hedge funds globally through to September.
Emerging markets-focused mandates are in the red for the year down 3.43 percent year-to-date, with Asian managers down 4.05 percent for the year and the underlying Eurekahedge Greater China Hedge Fund Index posting losses of 8.16 percent as of September 2018.
Across strategies, distressed debt, relative value and fixed income hedge funds lead for the year up 8.63 percent, 3.37 percent and 1.66 percent, respectively.
Across both equities and fixed income assets, North American hedge fund managers remain the bright spot with underlying long/short equity managers up 5.74 percent while fixed income-focussed mandates have gained 5.35 percent as of September 2018 year-to-date.
In contrast, emerging markets-focused equity long/short managers are down 6.32 percent while fixed income mandates have lost 1.56 percent for the year.
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