October 2008 Hedge Fund Indices |
Date: Wednesday, November 12, 2008
Author: Eurekahedge
- Total industry assets expected to have fallen by US$100 billion1 in October, 60% of it by way of investor redemptions.
- 44% of the funds in the Eurekahedge database were in the black in October and 43% remain in positive territory for 2008 YTD.
- The Eurekahedge CTA/Managed Futures Hedge Fund Index returned an impressive 6.2%2 in October, helping shore up the global average.
- Japanese managers (-0.8%) outperformed all other regional mandates in October, despite a 20.3% fall in the TOPIX.
The composite Eurekahedge Hedge Fund Index lost 3.3%1 in October. The average, based on early-reporting funds to the Eurekahedge database, suggests another strong month for hedge funds in terms of curtailing losses and outperforming the underlying markets; for instance, the MSCI World Index and the Reuters CRB Index shed 19.1% and 18.3% respectively. This was against the backdrop of heightened expectations of a global economic slowdown and further stress in the credit markets, which led to a spike in volatility (the VIX touched a record high; up 103% towards month-end) and harsh movements across asset classes.
Link: http://www.eurekahedge.com/indices/index_press_release.asp
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