Research

Hedge Fund Performance Commentary

Introduction

Hedge funds surpassed global equity markets in August as the Eurekahedge Hedge Fund Index ended the month down 2.13%1 but with notable loss mitigation, outperforming the MSCI World Index2 by 5.57%. Challenging market conditions, lacklustre investor sentiment, the S&P credit downgrade of US Treasuries, as well as European debt worries were the main issues in the month as the MSCI World Index fell 7.7%. All major regional equity exchanges finished the month deep in the red with European bourses witnessing the largest losses as the MSCI Europe Index declined 10.47%. CTA and macro hedge funds capitalised on volatile markets and made net gains for the month of 0.08% and 0.19% respectively.


August 2011 and July 2011 returns across geographical mandates

Although all regional mandates finished the month in negative territory, managers provided significant outperformance and downturn protection when compared to the underlying markets. The most significant outperformance was ...

 

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Footnote

1 Based on 67.66% of funds which have reported August 2011 returns as at 16 September 2011
2 MSCI AC World Index USD Currency

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