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Losses continue for Hedge funds for third month in a row

On a year-to-date basis Asia ex-Japan mandated hedge funds are up 4.45% and have outperformed the MSCI AC Asia ex Japan Index by almost 12%, according to Eurekahedge.

September 09, 2015 8:56 IST | India Infoline News Service
The market turmoil is taking its toll on hedge funds, which posted their third consecutive month of losses. The Eurekahedge Hedge Fund Index is down 1.75% in August while the MSCI World Index has lost 6.66% during the month. Yet the fact remains that hedge funds have outperformed underlying markets as represented by the MSCI World Index by 5.06% over the last three months.
 
On a year-to-date basis, hedge funds are up 1.36%, which compares with a gain of 4.07% seen over the same period last year.
 
Key takeaways for the month of August 2015:
  • Hedge funds preserved their 2015 gains and outperformed underlying markets as represented by the MSCI World Index by 5.06% over the last three months. On a year-to-date basis, hedge funds are up 1.36% while underlying markets are down by 1.90%.
  • Among developed market investment mandates, Japanese and European managers lead with year-to-date gains of 5.70% and 4.36% respectively.
  • The CBOE Eurekahedge Tail Risk Hedge Fund Index was the best performing strategic mandate in August 2015, up 4.44% during the month. 
  • North America mandated hedge funds posted their worst monthly loss since 2011, down 2.03%. On a year-to-date basis, they are up 0.31% while the S&P500 and DJIA are down 4.21% and 7.27% respectively.
  • Greater China investing hedge funds have preserved their gains from earlier during the year and are up 3.22% year-to-date, outperforming the CSI 300 Index by almost 8%. Long-only funds investing with a China mandate are down 11.67% in August while the hedged strategies declined 6.55%.
  • On a year-to-date basis Asia ex-Japan mandated hedge funds are up 4.45% and have outperformed the MSCI AC Asia ex Japan Index by almost 12%.

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