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Eurekahedge Index Flash - October 2012

Eurekahedge Index Flash - October 2012

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Published by Eurekahedge
Hedge funds see third consecutive month of positive returns
Hedge funds see third consecutive month of positive returns

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Categories:Types, Research
Published by: Eurekahedge on Oct 10, 2012
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10/10/2012

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Index Flash
Hedge funds see third consecutive month of positive returns
1
 
Hedge funds up 2.63% during 3Q 2012
 September was another winning month for hedge funds as the sector posted its third consecutive monthof positive returns. The
Eurekahedge Hedge Fund Index 
was up 1.02%
1
 in September and 2.63% dr 3Q2012 while September year-to-date the index is up 4.23%. Global markets rallied strongly during themonth on the back of monetary easing steps taken by governments - the MSCI World Index was up by2.29%
2
 during the month.Key takeaways for the month of September 2012:
 
Hedge funds witnessed three consecutive months of positive returns — up 2.63% in 3Q 2012.
 
The
Eurekahedge Hedge Fund Index 
is up 4.23% year-to-date with over 1000 funds up morethan 10% and 500 funds up more than 15%.
 
Asia ex-Japan managers gained 4.11% in September with Indian hedge funds delivering thebest returns of 8.02%.
 
The
Mizuho-Eurekahedge Asia ex-Japan Index 
rose 5.70%
3
 in September.
 
Launch activity picked up with nearly 200 funds launched in 3Q 2012.
 
All regions posted positive asset flows for August while early results indicated strong allocationactivity in September.
Regional Indices
 All regional mandates posted positive returns for the month on the back of rallies in the underlyingmarkets. The month started off on a bullish note with signs of stabilising global economic growth andprospects of additional quantitative easing dominating the market sentiment. The rallies were driven bythe opinion that the ECB's bond buying program and QE3 announcement by the US Federal Reservereduced the risk of a prolonged economic slowdown.Asia ex-Japan managers posted the best returns for September, gaining 4.11% as regional marketindices witnessed sustained and steady gains during the month. Managers made good on their long callsin emerging markets with exposure to South East Asia being especially profitable to portfolios - as themanagers benefitted from gains in equity markets as well as strengthening regional currencies.European and North American hedge funds also posted healthy gains for the month with returns of1.12% and 1.37% respectively. The MSCI Europe Index was up 1.30% with equity markets holding on totheir post-ECB announcement gains through the month. Some managers posted losses from longpositions in European debt and short Euro holdings.
Strategy Indices
 

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