Hedge funds start year with positive returns, says Eurekahedge |
Date: Friday, February 8, 2013
Author: Jonathan Boyd, Investment Europe
Returns from the Eurekahedge Hedge fund Index hit 1.98% during January as risk appetite returned and global markets gained.
Some 80% of hedge funds reported positive performance during the month, against an average through 2012 of 60%.
The best performing regions were Asia ex-Japan and Eastern Europe & Russia, which returned 5.03% and 7.67% respectively. Japanese hedge funds recorded their strongest January on record, Eurekahedge said.
The MSCI World index gained 4.66% through January by comparison.
Among strategies, it was distressed debt funds that performed best. Over the past six consecutive months this stratetegy has returned an average of 14%.
Equity long-short and event driven strategies also had a good month, with the former up 2.77% and the latter up 1.88% over the month.
CTA/managed futures funds did well, returning 1.69% through the month as captial moved from bonds into stocks and commodities markets, Eurekahedge said.
| Regional Indices | January | 2012 | 2011 |
| 2013* | Returns | Returns | |
| Eurekahedge North American Hedge Fund Index | 2.19 | 7.47 | 0.231 |
| Eurekahedge European Hedge Fund Index | 1.99 | 7.05 | -6 |
| Eurekahedge Eastern Europe & Russia Hedge Fund Index | 7.67 | 6.77 | -20.55 |
| Eurekahedge Japan Hedge Fund Index | 4.09 | 6.14 | -1.35 |
| Eurekahedge Emerging Markets Hedge Fund Index | 1.79 | 10.95 | -8.16 |
| Eurekahedge Asia ex-Japan Hedge Fund Index | 5.03 | 11.95 | -12.2 |
| Eurekahedge Latin American Hedge Fund Index | 1.29 | 10.55 | 1.92 |
| Strategy Indices | January | 2012 | 2011 |
| 2013* | Returns | Returns | |
| Eurekahedge Arbitrage | 0.21 | 6.78 | 1.4 |
| Hedge Fund Index | |||
| Eurekahedge CTA/Managed | 1.69 | 0.61 | 0.42 |
| Futures Hedge Fund Index | |||
| Eurekahedge Distressed Debt Hedge Fund Index | 3.47 | 14.38 | -1.04 |
| Eurekahedge Event Driven Hedge Fund Index | 1.88 | 9.57 | -4.39 |
| Eurekahedge Fixed Income Hedge Fund Index | 1 | 10.57 | 0.66 |
| Eurekahedge Long/Short Equities Hedge Fund Index | 2.77 | 7.88 | -6.73 |
| Eurekahedge Macro Hedge Fund Index | 0.91 | 2.34 | -1.06 |
| Eurekahedge Multi-Strategy Hedge Fund Index | 1.86 | 7.93 | -1.93 |
| Eurekahedge Relative Value Hedge Fund Index | 1.12 | 10.48 | -1.51 |
| Mizuho-Eurekahedge Indices | January | 2012 | 2011 |
| 2013* | Returns | Returns | |
| Mizuho-Eurekahedge Index - USD | 0.95 | 5.93 | -2.07 |
| Mizuho-Eurekahedge TOP 100 Index - USD | -0.75 | 6.4 | 1.87 |
| Mizuho-Eurekahedge TOP 300 Index - USD | -0.05 | 5.96 | 0.04 |