Eurekahedge - Other Products and Services
Fund Of Private Equity Fund Database Free Trial

Hedge Fund News

EH Report

Manager Interviews

‘Mizuho-Eurekahedge Index’ goes live

Asian Hedge Fund Awards

Industry Events Calendar

Fund Launches and Closures


Eurekahedge Hedge Fund Indices

Hedge Fund Monthly
January 2011 Hedge Fund Performance Commentary
Jan 2011


Hedge funds were up for the sixth consecutive month in December, posting a return of 3.01%1 for the month as global markets rallied at year's end on the back of an upbeat US market outlook. The Eurekahedge Hedge Fund Index posted double digit growth during 2010, ending the year with a gain of 10.93% and beating the underlying markets by more than 3.10%. The MSCI World Index2 was up 5.55% in December and 7.83% for the year.

All regions delivered healthy performance in December, with Japanese managers coming out ahead with an excellent return of 4.09%. Japanese managers outperformed the Nikkei, which was up 2.94% in the month as positive momentum built up in November continued into the next month. Japanese hedge funds focusing on small caps raked in the largest gains, as the TSE Mothers Index witnessed double-digit growth in December. Going into 2011, the outlook for Japanese hedge funds remains positive as corporate earnings continue to grow and the overall economic environment seems to be improving with positive forecast revisions from economists.

The Eurekahedge North American Hedge Fund Index advanced 3.25% in December as managers maintained a net long bias throughout the month. Increased risk appetite led to a strong market rally – the S&P 500 was up 6.53% in December as improving economic indicators in the US and better-than-expected earnings estimates drove up investor sentiment. In addition to equities, high yields also made significant gains as risk assets were in high demand – the Merrill Lynch High Yield Index3 ended the month 1.76% higher.

European managers posted excellent figures for December with the Eurekahedge European Hedge Fund Index up 3.20%, while Latin American and Asia ex-Japan hedge funds delivered strong gains of 1.23% and 1.44%, respectively.

Figure 1: November and December 2010 returns

In terms of total 2010 returns, North American hedge funds were the best performers among the major hedge fund regions after posting...



The full article is available in The Eurekahedge Report accessible to paying subscribers only.


Subscribers may continue to login as usual to download the full report and non-subscribers may email to enquire on how to obtain the full research report.



1 Based on 58.32% of the funds reporting their NAV for December 2010 as of 14 January 2011.

2 MSCI The World Index Free – Local Currency

3 Bank of American Merrill Lynch High Yield Master II Index – Local Currency

If you have any comments about or contributions to make to this newsletter, please email


Industry News
  The Eurekahedge Report - October 2014  
  Asset Flows Update for the Month of September 2014  
  Hedge Fund Performance Commentary for the Month of September 2014  
  2014 Key Trends in North American Hedge Funds  
  2014 Overview: Key Trends in Funds of Hedge Funds  
  The Billion Dollar Interview with Constellation Asset Management  
  CSRC New Regulations on Private Investment Funds  
  It's All There: Post-AIFMD Fundraising Options in Germany  
  Singapore: Opportunities for Islamic Finance  
  The New Deal: Hedge Fund Management Fees Are Subject to Social Security Taxes  
Eurekahedge Hedge Fund Manager Travel Plans

Copyright © 2014 Eurekahedge Pte Ltd.
Use of this site is subject to our terms and conditions of use.