Eurekahedge Hedge Fund Index up 1.83 percent in June
July 16, 2019

July's issue of The Eurekahedge Report has just been released. It highlights the following.

The Eurekahedge Hedge Fund Index was up 1.83 percent in June, bringing its year-to-date return to 5.84 percent. Roughly 24.7 percent of the hedge fund managers comprising the index have recorded double-digit gains over the first half of the year.

The global hedge fund industry assets under management (AuM) has grown by US$2 billion as of June 2019 year-to-date. Preliminary Q2 2019 net outflows figure stood at $23.8 billion, as investor redemptions continued to slow down. Hedge fund managers recorded $46.4 billion and $94.7 billion of net outflows in Q1 2019 and Q4 2018 respectively.

The Eurekahedge North American Hedge Fund Index was up 7.04 percent year-to-date, as fund managers focussing on the region benefitted from the equity market rally throughout the first half of the year. The S&P 500 gained 17.35 percent over the first half of 2019, while the tech-heavy NASDAQ Composite was up 20.66 percent over the same period. North American hedge fund managers have recorded $49.9 billion of performance growth year-to-date.

The Eurekahedge Greater China Hedge Fund Index gained 3.98 percent in June, bringing its year-to-date gain to 9.87 percent. Investor confidence in the $28.5 billion mandate had remained robust with $0.9 billion of net inflows recorded in 2018, in spite of the $2.3 billion performance decline over the same year.

The Eurekahedge CTA/Managed Futures Hedge Fund Index was up 2.49 percent in June, with mixed returns among its underlying regional mandates. The heightened tension between the US and Iran resulted in a sharp increase in oil prices during the month, which acted as a performance contributor for CTA/managed futures hedge funds along with long positions in metals. Preliminary data showed that the strategic mandate saw $2.3 billion of net inflows in June, the strongest monthly investor allocation since January 2018.

Hedge fund managers following fixed income strategies ended the month of June up 1.12 percent on the back of strong government and corporate bond markets. Growing expectations over imminent rate cuts from major central banks drove bond yields down over the month. Most notably, the US ten-year bond yield dipped to its lowest level since 2016. On a year-to-date basis, the Eurekahedge Fixed Income Hedge Fund Index has returned 5.09 percent.

The Eurekahedge ILS Advisers Index was up 0.09 percent in June, bringing its year-to-date loss to 1.30 percent. Despite being a calm period of insurance losses, the first half of 2019 has seen ILS hedge fund managers crippled by loss creep from past events.

The Eurekahedge Crypto-Currency Hedge Fund Index rallied 18.88 percent in June, recording its fifth consecutive positive month of the year. Crypto hedge fund managers benefitted from the rally in crypto assets which saw Bitcoin breaching the $12,000 level for the first time since the Q1 2018 crash. The index was up 109.46 percent over the first half of 2019.





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July's issue of The Eurekahedge Report has just been released. It highlights the following.

The Eurekahedge Hedge Fund Index was up 1.83 percent in June, bringing its year-to-date return to 5.84 percent. Roughly 24.7 percent of the hedge fund managers comprising the index have recorded double-digit gains over the first half of the year.

The global hedge fund industry assets under management (AuM) has grown by US$2 billion as of June 2019 year-to-date. Preliminary Q2 2019 net outflows figure stood at $23.8 billion, as investor redemptions continued to slow down. Hedge fund managers recorded $46.4 billion and $94.7 billion of net outflows in Q1 2019 and Q4 2018 respectively.

The Eurekahedge North American Hedge Fund Index was up 7.04 percent year-to-date, as fund managers focussing on the region benefitted from the equity market rally throughout the first half of the year. The S&P 500 gained 17.35 percent over the first half of 2019, while the tech-heavy NASDAQ Composite was up 20.66 percent over the same period. North American hedge fund managers have recorded $49.9 billion of performance growth year-to-date.

The Eurekahedge Greater China Hedge Fund Index gained 3.98 percent in June, bringing its year-to-date gain to 9.87 percent. Investor confidence in the $28.5 billion mandate had remained robust with $0.9 billion of net inflows recorded in 2018, in spite of the $2.3 billion performance decline over the same year.

The Eurekahedge CTA/Managed Futures Hedge Fund Index was up 2.49 percent in June, with mixed returns among its underlying regional mandates. The heightened tension between the US and Iran resulted in a sharp increase in oil prices during the month, which acted as a performance contributor for CTA/managed futures hedge funds along with long positions in metals. Preliminary data showed that the strategic mandate saw $2.3 billion of net inflows in June, the strongest monthly investor allocation since January 2018.

Hedge fund managers following fixed income strategies ended the month of June up 1.12 percent on the back of strong government and corporate bond markets. Growing expectations over imminent rate cuts from major central banks drove bond yields down over the month. Most notably, the US ten-year bond yield dipped to its lowest level since 2016. On a year-to-date basis, the Eurekahedge Fixed Income Hedge Fund Index has returned 5.09 percent.

The Eurekahedge ILS Advisers Index was up 0.09 percent in June, bringing its year-to-date loss to 1.30 percent. Despite being a calm period of insurance losses, the first half of 2019 has seen ILS hedge fund managers crippled by loss creep from past events.

The Eurekahedge Crypto-Currency Hedge Fund Index rallied 18.88 percent in June, recording its fifth consecutive positive month of the year. Crypto hedge fund managers benefitted from the rally in crypto assets which saw Bitcoin breaching the $12,000 level for the first time since the Q1 2018 crash. The index was up 109.46 percent over the first half of 2019.



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