Eurekahedge Index Flash - August 2013

7/27/2019 Eurekahedge Index Flash - August 2013

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Index Flash

Hedge funds bounce back from lull to deliver winning returns inJuly

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Hedge funds returned to their winning ways in J uly as global markets bounced back from a retreat in J une.The Eurekahedge Hedge Fund Index was up 0.90%

1during the month, the MSCI World Index

2was up by

4.83% in J uly.

Key takeaways for the month of July 2013:

Hedge funds up by 0.90% in J uly, with 70% of reporting funds delivering positive returns during themonth

Funds of hedge funds outperformed single manager funds in J uly, up 0.98% and remain aheadyear-to-date

J apanese hedge funds outperformed the Nikkei 225 for the third consecutive month, up 18.63% asat end-J uly 2013

Hedge funds witnessed positive asset flows in J uly; net allocations for the year currently stand atUS$75 billion

As at end-J uly 2013, Eurekahedge is currently tracking more than 550 funds that have deliveredover 15%, 300 funds that are up more than 20% and 100 funds up more than 30%

Regional Indices

uly witnessed rallies in global markets which overcame the speculation about the slowdown in the US

Federal Reserve's bond-buying program. Although J apanese equities finished lower for the thirdconsecutive month, positive indications on accommodative monetary policy from the US as well as theEuropean Central Bank were supportive for most global indices. Healthy Q2 corporate earnings fromthe US also helped to drive the upward momentum during the month.

All major hedge fund investment regions, witnessed positive returns in J uly. The Eurekahedge Asia exJapan Hedge Fund Index saw the strongest gains among all regional mandates - up 1.97%,outperforming the MSCI Asia ex-J apan Index

3which was up 1.84% in J uly. North American hedge

funds posted gains of 1.21% during the month as the S&P 500 surged 4.95% in J uly on the back ofupbeat earnings, Fed announcements as well as positive macroeconomic data. J apanese hedge fundsoutperformed the underlying markets for the third consecutive month, gaining 1.10% despite declinesin the Tokyo Topix (down 0.19%) and the Nikkei 225 (down 0.07%). J apanese equities were pushedinto negative territory in J uly as the Yen appreciated against the dollar and the euro while corporateearnings were also disappointing.
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Strategy Indices

Most strategies finished the month in positive territory with the exception of CTA/managed futuresfunds. The Eurekahedge Long Short Equities Hedge Fund Index saw the strongest gains of 1.95% inuly, as most global equity markets rallied with the S&P500, FTSE100 and Hang Seng climbing

4.95%, 6.53% and 5.19% respectively. Event driven funds were up 1.54% as the strong IPO and M&Avolume in 2013 continued to provide various opportunities for the funds. Distressed debt fundsdelivered positive returns for yet another month and are up 9.02% year-to-date. The EurekahedgeCTA/Managed Futures Index was the only strategy which saw negative returns of 0.61% in J uly and2.12% year-to-date as systematic traders with a global mandate suffered losses. North AmericanCTA/managed futures managers fared relatively better with discretionary strategies witnessing gains of1.16% in the month.

Main EurekahedgeIndices

July2013*

2013Returns

2012Returns

Hedge Fund Index 0.90 3.30 6.50

Fund of Funds Index 0.98 3.79 4.11

Long-Only AbsoluteReturn Fund Index

2.36 4.61 15.98

Islamic Fund Index 2.14 5.84 7.31

Eurekahedge StrategyIndices

July2013*

2013Returns

2012Return

Arbitrage 0.87 4.26 6.80

CTA/Managed Futures -0.61 -2.12 1.31

Distressed Debt 0.72 9.02 14.02

Event Driven 1.54 4.91 8.95

Fixed Income 0.36 2.39 11.24

Long/Short Equities 1.95 7.01 8.04

Macro 0.20 0.77 2.90

Multi-Strategy 1.04 2.43 7.68

Relative Value 1.63 3.83 10.66

Mizuho-EurekahedgeIndices

July2013*

2013Returns

2012Return

Mizuho-EurekahedgeIndex - USD

1.15 2.00 5.93

TOP 100 Index - USD 1.14 1.87 6.46

TOP 300 Index - USD 1.17 1.95 5.99

EurekahedgeRegional Indices

July2013*

2013Returns

2012Returns

North American 1.21 4.95 7.89

European 1.19 3.30 6.94

Eastern Europe &Russia

0.72 -5.33 6.31

J apan 1.10 18.63 5.97

Emerging Markets 0.99 1.18 11.30

Asia ex-J apan 1.97 4.24 12.51

Latin American 0.56 -0.77 11.23

EurekahedgeGlobal Hedge Fund

Indices by FundSize

July2013*

2013Returns

2012Returns

Small (US$500m) 0.80 3.23 7.39

Billion Dollar 0.76 3.61 8.58

Asia-EurekahedgeIndices

July2013*

2013Returns

2012Returns

Greater China 1.62 7.05 13.49

India 10.64 1.33 12.62

* Based on 47.20% of funds which have reported J uly2013 returns as at 13 August 2013

Eurekahedge indices are available for download fromwww.eurekahedge.com/indices/hedgefundindices.asp and are updated with the latest fund returns at 23:30 GMT every day. Index values and data can bedownloaded for free and subscribers can download the full list of index constituents. Please contact
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[email protected] more information.

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Eurekahedgewww.eurekahedge.comUS office: +1 646 710 4898 (EST 9am to 6pm)International: +65 6212 0925

Based on 47.20% of funds which have reported J uly 2013 returns as at 13 August 20132MSCI AC World Index All Core (USD)3MSCI AC Asia Pacific Ex J apan Index All Core (USD)

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Eurekahedge Index Flash - August 2013

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