China investing hedge funds lose 8.33% in July

Hedge funds started the second half of 2015 on a positive note with the Eurekahedge Hedge Fund Index up 0.38% in July while the MSCI World Index gained 1.34% during the month.

Aug 13, 2015 03:08 IST India Infoline News Service

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China investing hedge funds posted their worst monthly loss since January 2008, losing 8.33% in July, but are up 10.84% year-to-date. 
 
Hedge funds started the second half of 2015 on a positive note with the Eurekahedge Hedge Fund Index up 0.38% in July while the MSCI World Index gained 1.34% during the month. On a year-to-date basis, hedge funds are up 3.68%, which compares with a gain of 2.94% seen over the same period last year.
 
Key takeaways for the month of July 2015:
  • Hedge funds were up 0.38% in July, with developed market mandates outperforming their emerging market peers. Total industry AUM has grown by US$100 billion in 2015, with roughly half of this growth coming from new investor allocations.
  • European hedge funds posted the best returns among all regional mandates with gains of 1.03% in July and 5.48% year-to-date.
  • Japanese hedge funds posted their sixth consecutive month of positive returns for the year, and were up 0.62% in July, 5.95% year-to-date.
  • The Eurekahedge Long/Short Equity Hedge Fund Index is up 5.98% year-to-date, comfortably outstripping its annual gains of 3.41% from 2014 as well as outperforming the MSCI AC World Index which is up 5.10% in the first seven months of 2015.
  • China investing hedge funds posted their worst monthly loss since January 2008, losing 8.33% in July, but are up 10.84% year-to-date. 
  • On a year-to-date basis, Asia ex-Japan mandated hedge funds lead with returns of 9.87% and have outperformed the MSCI AC Asia ex Japan Index by 8.74%.

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