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Hedge Fund Monthly
 
Hedge Fund Performance Commentary for the Month of August 2013

Eurekahedge

September 2013
 

Introduction

Hedge funds witnessed slightly negative returns in August amid increased risk aversion in global markets during the month. The Eurekahedge Hedge Fund Index was down 0.23%1 outperforming global stock indices as the MSCI World Index2 declined by 2.26% in August.

Risk aversion returned to global markets in August driven by a host of factors. The increased likelihood of the United States waging another war in the Middle East, weakening economic situation in emerging markets and continued concerns of QE tapering by the US Federal Reserve (Fed) were the main drivers of the negative market sentiment during the month. Some of the negativity was offset by improving global economic data as the Eurozone emerged from recession and China’s PMI numbers posted positive trends.

August 2013 and July 2013 returns across regions

 

Returns were mixed among the various regional mandates with Latin American and Asia ex-Japan hedge funds delivering the strongest returns. The Eurekahedge Latin American Hedge Fund Index gained 0.36% in August mostly due to the strong returns posted by Brazil focused funds, which were up on the back of a strong rebound in the Bovespa (up 3.68%).


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 database@eurekahedge.com to enquire on how to obtain the full research report.

 

Footnote

1Based on 45.07% of funds which have reported August 2013 returns as at 10 September 2013

2MSCI AC World Index All Core (USD)

 

If you have any comments about or contributions to make to this newsletter, please email advisor@eurekahedge.com

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