News & Events Archive

Archive Year
August 2022

Asset Flows Update

With Intelligence

Hedge fund industry AuM declined for the fourth consecutive month in July, falling $15.6bn, which extended the YTD decline to $123.7bn. The hedge fund industry did record performance-based gains of $3.1bn in July, supported by the rebound in global equity markets as the S&P 500 surged by 9.2%, but was unable to stem outflows ($18.8bn) as the likelihood of a global recession rose.


Hedge Fund Performance Commentary

With Intelligence

The Eurekahedge Hedge Fund Index gained 1.3% in July, recording its highest monthly return since April 2021 after three consecutive months of decline, totaling 4.1% in Q2. The recovery was bolstered by the revival of the global equity market, reflected in the 9.1% rebound of the S&P 500. The Federal Reserve raised interest rates by another 75bps in July to combat persistent high inflation, which accelerated to 9.1% in June 2022, the highest since November 1981. However, a slower pace of rises is likely in the mid-term as US GDP contracted 0.9% in Q2, following a 1.6% contraction in Q1, putting the country into a recession.


L/S Equity Fund Strategy Profile

With Intelligence

The first eight months of 2022 have been characterized by a turbulent market environment, with the technology stock-driven bull market upended by central bank tightening, an inflation crisis, supply chain slowdowns, Russia's invasion of Ukraine and fears for the global economy. Against this backdrop, the average long/short equity hedge fund declined 7.9%, widely considered a disappointing return, but superior to the 13.3% fall in the S&P 500 Index, which entered a bear market for the first time since its sudden dive in March 2020. Despite a summer rally, few are expecting a sustained recovery in stock market performance, amid fears of a global downturn brought on by inflation-busting rate hikes, providing an opportunity for long/short managers to improve in a more subdued and less volatile market setting


Key Trends in Long Only Absolute Return Funds

With Intelligence

The 2008 global financial crisis saw long-only absolute return funds lose $84bn in AuM. Since then, the industry has experienced steady growth, hitting a peak of $293bn in 2017. This works out to a compound annual growth rate of 11.9% over the 9-year period. The positive trend reversed in 2018 as the sector recorded $33.5bn of AuM decline, largely driven by $20.6bn of net outflows as investor risk sentiment was dampened due to the poor performance, as shown by the Eurekahedge Long-Only Absolute Return Fund Index recording losses of 10.4% in 2018.


June 2022

The Eurekahedge Report - June 2022

Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was down 0.56% in May 2022 and down 2.66% in 2022. Total assets under management decreased by US$21.5 billion during the month – the sector witnessed performance-based decline of US$2.4 billion while registering net asset outflows of US$19.1 billion.


Asset Flows Update

Eurekahedge

The Eurekahedge Hedge Fund Index declined -0.56% in May, trailing behind the S&P 500 which ended the month roughly flat. Heightened market volatility persisted through the month as the market continues to face strong headwinds from the ongoing war in Ukraine, COVID-19 pandemic, rising inflation and the potential for a faster pace of monetary policy tightening, fanning concerns that the economy might be moving towards a recession in the near future.


Hedge Fund Performance Commentary

Eurekahedge

The Eurekahedge Hedge Fund Index declined -0.56% in May, trailing behind the S&P 500 which ended the month roughly flat with a gain of 0.01%. The persistence of high inflation, hawkish monetary policy and the Russia-Ukraine conflict continued to dampen investor sentiment over the month.


Key Trends in Fund of Hedge Funds (June 2022)

Eurekahedge

Multi-manager funds were down 3.58% over the first four months of 2022, trailing behind their single-manager counterparts who declined 2.12% over the same period. Multi-manager funds have been facing headwinds over the first four months of 2022 as the global economy faced an unprecedented confluence of headwinds stemming from the Russia-Ukraine war, ongoing supply chain disruptions which were exacerbated by the widening COVID-19 lockdowns in China and aggressive tightening of monetary policy by global central banks to combat rising inflation.


Tail risk hedge fund strategy: In pursuit of alpha amid the challenging and volatile market environment

Eurekahedge

The return of market volatility driven by the combination of the restrictive monetary policies of global central banks to tame multi-decade high inflation rates and the geopolitical conflict in Eastern Europe has pushed a particular hedge fund strategy back into the spotlight: the CBOE Eurekahedge Tail Risk Hedge Fund Index which returned 6.82% over the first five months of 2022


Fund of Hedge Funds Infographic June 2022

Eurekahedge

Eurekahedge’s Fund of hedge funds infographic sums up the industry as at June 2022. Find out more about Fund of hedge funds assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.


May 2022

The Eurekahedge Report - May 2022

Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was down 0.72% in April 2022 and down 1.83% in 2022. Total assets under management decreased by US$19.7 billion during the month as the sector witnessed performance-based growth of US$7.1 billion while registering net asset outflows of US$26.7 billion.


Asset Flows Update

Eurekahedge

The Eurekahedge Hedge Fund Index declined -0.72% in April, outperforming the S&P 500 which fell -8.80% over the same period. Global equities tumbled in April amid an unprecedented confluence of headwinds stemming from the Russia-Ukraine war, ongoing supply chain disruptions which were exacerbated by the widening COVID-19 lockdowns in China and aggressive tightening of monetary policy by global central banks to combat rising inflation.


Hedge Fund Performance Commentary

Eurekahedge

The Eurekahedge Hedge Fund Index declined -0.72% in April, outperforming the S&P 500 which fell -8.80% over the same period. Global equities posted steep losses in April as the global economy was buffeted by unprecedented, simultaneous challenges, including the ongoing supply chain disruptions which were exacerbated by the widening COVID-19 lockdowns in China, the impact on prices and commodities from the escalating Russia-Ukraine war and a shift by global central banks towards a more hawkish monetary policy stance to fight inflation.


Key Trends in European Hedge Funds (May 2022)

Eurekahedge

The Eurekahedge European Hedge Fund Index was down -4.04% as of March 2022 year-to-date, outperforming the Euro Stoxx 50 which declined -9.21% over the same period. European equity markets suffered sharp declines over the first three months of 2022 as the escalating Russia-Ukraine conflict elicited severe economic sanctions on Russia from the US and their allies in a bid to cripple the Russian economy and war effort.


Macro hedge funds maintained their resilience in a volatile market

Eurekahedge

The Eurekahedge Macro Hedge Fund Index was up 2.72% as of April 2022 year-to-date, outperforming the S&P 500 by 16.02% over the same period. Macro hedge fund managers with exposure to commodities and interest rates were the performance drivers of the mandate during the year.


European Hedge Funds Infographic May 2022

Eurekahedge

Eurekahedge’s European hedge funds infographic sums up the industry as at March 2022. Find out more about European hedge funds assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.


April 2022

The Eurekahedge Report - April 2022

Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was up 1.35% in March 2022 and down 0.69% in 2022. Total assets under management increased by US$16.4 billion during the month as the sector witnessed performance-based growth of US$19.0 billion while registering net asset outflows of US$2.6 billion.


Asset Flows Update

Eurekahedge

The Eurekahedge Hedge Fund Index gained 1.35% in March, supported by the robust performance of the S&P 500 which returned 3.58% over the same period. Following Russia’s invasion of Ukraine on 24 February, the US and their allies imposed severe economic sanctions to punish Russia for starting the war and cripple the Russian economy, causing global equity markets to plummet over the first half of March as concerns grew over stagflation at a time when the US Federal Reserve is shifting to a more hawkish monetary policy stance in a bid to curb record levels of inflation.


Hedge Fund Performance Commentary

Eurekahedge

The Eurekahedge Hedge Fund Index gained 1.35% in March, supported by the robust performance of the S&P 500 which returned 3.58% over the same period. Global equity markets plummeted over the first half of March as the escalating Russia-Ukraine conflict elicited severe economic sanctions on Russia from the US and their allies in a bid to cripple the Russian economy and war effort.


Eastern Europe and Russia hedge funds outshine peers in 2022 despite increasingly challenging market environment

Eurekahedge

The Eurekahedge Eastern Europe & Russia Hedge Fund Index was down 24.09% as of February 2022, outperforming the underlying equity market in the region as represented by the STOXX Eastern Europe 50 by 6.12%. In 2021, Eastern Europe & Russian hedge funds were up 8.90%, outperforming their broader emerging market peers as represented by the Eurekahedge Emerging Markets Hedge Fund Index who returned 2.28% over the same period.


Key Trends in Global Hedge Funds (April 2022)

Eurekahedge

The Eurekahedge Hedge Fund Index was down 2.00% year-to-date as of February 2022, outperforming the underlying global equity market as represented by the S&P 500 which was down 8.23% over the same period. 2020 was a very challenging year for global hedge funds as economic and market conditions were particularly dire.


Global Hedge Funds Infographic April 2022

Eurekahedge

Eurekahedge’s Global hedge funds infographic sums up the industry as at April 2022. Find out more about Global hedge funds assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.


March 2022

The Eurekahedge Report - March 2022

Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was down 0.26%[1] in February 2022 and down 1.85% in 2022. Total assets under management decreased by US$9.5 billion during the month as the sector witnessed performance-based decline of US$6.5 billion while registering net asset outflows of US$3.0 billion.


Asset Flows Update

Eurekahedge

The Eurekahedge Hedge Fund Index declined -0.26% in February 2022, outperforming the S&P 500 which was down 3.14% over the same period. Global equities tumbled as Russia’s invasion of Ukraine, the most dangerous international conflict since the 1962 Cuban missile crisis has led to increasing concerns about stagflation at a time when global central banks are tightening monetary policy in a bid to cool inflation.


Hedge Fund Performance Commentary

Eurekahedge

The Eurekahedge Hedge Fund Index declined -0.07% in February 2022, outperforming the S&P 500 by 4.38% over the month. Global equity market tumbled as Russia’s invasion of Ukraine, the most dangerous international conflict since the 1962 Cuban missile crisis has led to increasing concerns about stagflation at a time when global central banks are tightening monetary policy in a bid to cool inflation.


Key Trends in Asian Hedge Funds (March 2022)

Eurekahedge

The Eurekahedge Asian Hedge Fund Index was down -3.02% year-to-date as of January 2022, outperforming the underlying equity market as represented by the MSCI AC Asia Pacific IMI, which retreated -4.16% over the same period. In 2020, the Eurekahedge Asian Hedge Fund Index suffered significant losses in the first quarter of the year as news of the rapidly spreading coronavirus hammered equity markets globally, resulting in the index declining by -8.72% in the first quarter of the year.


Trade Finance Hedge Fund: An alternative asset class amidst the rising yields environment

Eurekahedge

Trade finance hedge funds have gained traction over the recent years, driven by investor demand for alternative asset classes with low volatility and consistent return, as well as low correlation against the broader financial market. The sector began its rapid growth following the global financial crisis in 2008, when banks started reducing their trade finance exposure to meet Basel III capital requirements.


Asian Hedge Funds Infographic March 2022

Eurekahedge

Eurekahedge’s Asian hedge funds infographic sums up the industry as at March 2022. Find out more about Asian hedge funds assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.


February 2022

The Eurekahedge Report - February 2022

Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was down 1.23% in January 2022 and up 9.35% in 2021. Total assets under management decreased by US$18.9 billion during the month – the sector witnessed performance-based decline of US$8.8 billion while registering net asset outflows of US$10.1 billion.


Asset Flows Update

Eurekahedge

The Eurekahedge Hedge Fund Index declined -1.23% in January, outperforming the global equity market as represented by the MSCI ACWI (Local) which declined -4.91% over the same period. Global equity markets tanked after market risk sentiment was dampened due to geopolitical concerns over the Russia-Ukraine crisis and the increasingly hawkish policy stance of the Federal Reserve to quell rising inflation, negatively impacting the performance of hedge funds.


Hedge Fund Performance Commentary

Eurekahedge

The Eurekahedge Hedge Fund Index declined -1.23% in January, outperforming the global equity market as represented by the MSCI ACWI (Local) which declined -4.91% over the same period. Global equity markets sank after investors grew increasingly concerned about the escalating Russia-Ukraine crisis and the hawkish policy stance of the Federal Reserve to quell rising inflation, dampening the performance of hedge funds.


Value Investing: hidden gems in a rising interest rate environment

Eurekahedge

In the aftermath of the COVID-19 crisis, central banks and government authorities injected massive amounts of economic stimulus to support their economies from the market meltdown which led to a rapid increase in money supply, pushing up consumer prices. In the same vein, the ongoing global economic recovery and winter season in Europe has led to a surge in global demand and pushed energy prices back to pre-pandemic levels, exacerbating the already high consumer prices.


Key Trends in Latin American Hedge Funds (February 2022)

Eurekahedge

The Eurekahedge Latin American Hedge Fund Index retreated -2.95% in 2021, outperforming the MSCI EM Latin America Index which declined -7.58% over the same period. GDP in the Latin American region declined by 6.8% in 2020, driven by the economic collapse caused by the onset of the COVID-19 pandemic.


Latin American Hedge Funds Infographic February 2022

Eurekahedge

Eurekahedge’s Latin American hedge funds infographic sums up the industry as at February 2022. Find out more about Latin American hedge funds assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.


January 2022

The Eurekahedge Report - January 2022

Eurekahedge

The benchmark Eurekahedge Hedge Fund Index was up 1.01%[1] in December 2021 and up 9.49% in 2021. Total assets under management increased by US$24.5 billion during the month as the sector witnessed performance-based gains of US$12.5 billion while registering net asset flows of US$11.9 billion. The total size of the industry now stands at US$2,437.2 billion.


Asset Flows Update

Eurekahedge

The Eurekahedge Hedge Fund Index gained 1.01% in December, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which returned 3.55% over the same period. The emergence of the highly contagious Omicron variant in late November negatively impacted risk sentiment in the first half of December as global COVID cases surged to unprecedented levels.


Hedge Fund Performance Commentary

Eurekahedge

The Eurekahedge Hedge Fund Index gained 1.01% in December, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local) which returned 3.55% over the same period. Risk sentiment was weighed down in the first half of December due to the surge in COVID-19 cases caused by the emergence of the highly contagious Omicron variant which caused global COVID cases to surge to unprecedented levels.


Hedge Fund Strategy Performance Overview

Eurekahedge

Global hedge funds recorded higher returns in recent months as they benefitted from the strong recovery of risk assets, particularly equities. Global hedge funds gained 9.27%, 13.20%, and 9.37% annually from 2019 to 2021 respectively, marking their best three year performance since 2007.


North American Hedge Funds Infographic January 2022

Eurekahedge

Eurekahedge’s North American hedge funds infographic sums up the industry as at January 2022. Find out more about North American hedge funds assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.


Key Trends in North American Hedge Funds (January 2022)

Eurekahedge

The Eurekahedge North American Hedge Fund Index was up 12.47% year-to-date as of November 2021, driven by the strong performance of the underlying equity market as represented by the MSCI North America IMI, which gained 19.87% over the same period