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Eurekahedge Index Flash - July 2013

Eurekahedge Index Flash - July 2013

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Published by Eurekahedge
Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month. The Eurekahedge Hedge Fund Index was down 1.47%1 in June, outperforming the MSCI World Index which lost by 3.10% during the month.
Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month. The Eurekahedge Hedge Fund Index was down 1.47%1 in June, outperforming the MSCI World Index which lost by 3.10% during the month.

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Published by: Eurekahedge on Jul 10, 2013
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06/30/2014

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Index Flash
Hedge funds end 7 month winning streak, down 1.47%
1
 
Hedge funds end 7 month winning streak, down 1.47%
 Hedge funds recorded negative returns in June ending their seven month winning run, as global marketswitnessed broad based declines during the month. The
Eurekahedge Hedge Fund Index
was down 1.47%
1
 in June, outperforming the MSCI World Index
2
 which lost by 3.10% during the month.Key takeaways for the month of June 2013:
 
Hedge funds witnessed first losing month of the year, down 1.47% in June 2013
 
 Japanese hedge funds outperformed underlying stocks, up by 0.15% in June and 17.38% year-to-date
 
Launch activity picks up with more than 300 funds launched so far in the year
 
Eurekahedge is currently tracking more than 500 funds that have delivered over 15% year-to-dateand 250 funds that are up by over 20% year-to-date
 
Distressed debt funds end 11-month winning run after gaining 21% from June 2012 to May 2013
 
CTA/Managed Futures funds in negative territory for the year, down 1.35% year-to-date
Regional Indices
 une witnessed a continuation of downside momentum from the end of May as markets reacted adversely tospeculation about a slowdown in the FED’s bond buying operations. The S&P 500 index was down 1.50%while the FTSE100 and Hang Seng index were down 5.58% and 7.10% respectively. Asia ex-Japan marketswere the worst hit as lacklustre manufacturing data from China continued the flow of dreary macroeconomicnumbers from China. Japanese stocks proved to be more resilient compared to their counterparts - with theNikkei 225 and Tokyo Topix down 0.71% and 0.17% respectively. Towards the end of the month, markereaction to the US Federal Reserve’s indicated framework was downplayed as both the scale and pace of theslowdown in asset repurchase is contingent upon the US economic recovery which is still far from complete.A further boost of confidence was added to the markets as the European Central Bank re-affirmed thecontinuation of its loose monetary policy.All major hedge fund investment regions, with the exception of Japan, finished in negative territory for themonth. The
Eurekahedge Asia ex-Japan Hedge Fund Index
saw the largest decline among all regionalmandates, down by 4.63%. It still managed to outperform the underlying markets as the MSCI Asia Ex JapanIndex
3
 dropped by 6.75% for the month. The seven month streak of positive returns for North Americanhedge funds also came to an end as the
Eurekahedge North American Hedge Fund Index
was down 0.10%(up 4.07% YTD) – a significant outperformance to the S&P 500 which declined 1.50%. European hedgefunds saw another month of dismal returns this year with the
Eurekahedge European Hedge Fund Index
 down 1.16%. In contrast, the
Eurekahedge Japan Hedge Fund Index
was up 0.15% for the month, bringingits year-to-date returns at an enviable 17.38%. While Prime Minister Abe outlined the ‘3rd arrow’ of hiseconomic policy, it did not do much to boost up the market and funds with low long exposures were the ones
 
Index Flash
Hedge funds end 7 month winning streak, down 1.47%
2
 
that performed well during the month while some managers with exposure to transport and industrials alsoreported gains.
Strategy Indices
 All hedge fund strategies yielded negative returns in June. Multi-strategy hedge funds were the worstperformer for the month with a loss of 2.20%, followed by long/short equities (down 1.66%) as the globalequity markets witnessed broad-based declines. CTA/managed futures posted the second consecutivemonth of negative returns, down by 1.14% in June and 1.35% year-to-date.The S&P GSCI precious metalstotal return index fell 12.21% during the month while CTA managers also suffered losses in equity and bondfutures.
Main Eurekahedge Indices
 
June
 
2013*
 
2013Returns
 
2012Returns
 
Hedge Fund Index-1.472.47 6.38Fund of Funds Index-1.792.55 4.11Long-Only AbsoluteReturn Fund Index-5.011.95 16.01Islamic Fund Index-1.714.40 7.32
Eurekahedge StrategyIndices
 
June
 
2013*
 
2013Returns
 
2012Retur 
 
Arbitrage-0.463.20 6.73CTA/Managed Futures-1.14 -1.351.37Distressed Debt-0.419.47 14.0Event Driven-1.643.39 8.94Fixed Income-1.541.83 10.7Long/Short Equities-1.665.10 7.82Macro-1.580.57 2.82Multi-Strategy-2.201.02 7.90Relative Value-0.752.75 10.5
Mizuho-EurekahedgeIndices
 
June
 
2013*
 
2013Returns
 
2012Retur 
 
Mizuho-EurekahedgeIndex - USD-2.021.11 5.93 TOP 100 Index - USD-2.131.36 6.46 TOP 300 Index - USD-2.121.17 5.99
 
Eurekahedge RegionalIndicesJune2013*2013Returns2012Returns
North American-0.104.07 7.83European-1.162.18 6.64Eastern Europe &Russia-3.34 -6.255.07 Japan 0.15 17.38 6.03Emerging Markets-2.940.79 10.89Asia ex-Japan-4.631.88 12.42Latin American-2.13 -1.1810.40
Eurekahedge GlobalHedge Fund Indicesby Fund SizeJune2013*2013Returns2012Return
Small (<US$100m)-1.422.16 5.73Medium (US$100m -US$500m)-1.523.24 7.01Large (>US$500m)-1.802.47 7.18Billion Dollar-1.712.93 8.37
 Asia-EurekahedgeIndicesJune2013*2013Returns2012Return
Greater China-5.194.81 13.38India-5.48 -7.8212.62* Based on 37.82% of funds which have reported June 2013 returns as at 9 July 2013
 
 
Eurekahedge
indices are available for download from www.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 contactindices@eurekahedge.com for more information.For the latest ongoing promotions offered by
Eurekahedge
and our marketing partners, please visit our

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