Research

The Eurekahedge Report - April 2021

The benchmark Eurekahedge Hedge Fund Index was up 0.95%1 in March 2021 and up 4.79% in 2021. In terms of performance per geographic mandate, Japanese hedge funds recorded the strongest return of 2.81% in March, but North American hedge funds lead the pack in terms of year-to-date performance with their 6.77% return. On the other hand, event-driven and long/short equities outperformed their peers as they returned 1.59% and 1.26% in March respectively.

Highlights of hedge fund performance and asset flows for the month are as follows:

Global Regions

Mar-21

2021 YTD

North America

1.56%

6.77%

Europe

1.37%

3.84%

Japan

2.81%

6.27%

Asia ex-Japan

(0.90%)

3.24%

Latin America

1.05%

(1.04%)


Global Regions

Mar-21

2021 YTD

Arbitrage

(0.60%)

0.97%

CTA/managed futures

0.20%

2.49%

Distressed debt

0.84%

5.58%

Event driven

1.59%

6.91%

Fixed income

0.47%

1.87%

Long/short equities

1.26%

6.49%

Macro

0.27%

2.19%

Multi-strategy

0.70%

2.98%

Relative value

0.92%

3.44%

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Footnote

1Based on 30.08% of funds which have reported March 2021 returns as at 19 April 2021
2 Total may differ marginally due to rounding


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