Hedge funds! India focused managers down 0.51% in Feb; dip after 12 months

Investor allocation activity saw an uptick in February as hedge funds recorded inflows of US$6.8 billion during the month.

Mar 11, 2015 02:03 IST India Infoline News Service

The month of February has not been great for India focused fund managers even as globally hedge funds extended their gains in the second month of 2015. The Eurekahedge Hedge Fund Index was up 1.59% in February. Meanwhile, the MSCI World Index ended the month gained 5.47%.

All regional and strategic mandates ended the month in positive territory with managers focused on developed markets posting the strongest returns, says a EurekaHedge flash note
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Highlights for the month of February 2015 include:
  • Investor allocation activity saw an uptick in February as hedge funds recorded inflows of US$6.8 billion during the month.
  • Distressed debt funds delivered the best performance among all strategic mandates, up 3.03% in February as their bets on distressed oil and gas producers paid off.
  • India focused managers were down 0.51% during the month - their first month of negative returns after a 12 month winning streak.
  • On a year-to-date basis, CTA/managed futures strategies saw gains of 3.98%, and have recorded net asset inflows of US$4 billion. This comes after investors redeemed US$16 billion from the strategy in 2014 alone.
  • Eastern Europe and Russia mandated hedge funds were the top performers during the month with gains of 12.49%, snapping a seven month losing streak

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