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Eurekahedge Index Flash - August 2013

Eurekahedge Index Flash - August 2013

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Published by Eurekahedge
Hedge funds returned to their winning ways in July as global markets bounced back from a retreat in June.
The Eurekahedge Hedge Fund Index was up 0.90%1 during the month, the MSCI World Index2 was up by
4.83% in July.
Hedge funds returned to their winning ways in July as global markets bounced back from a retreat in June.
The Eurekahedge Hedge Fund Index was up 0.90%1 during the month, the MSCI World Index2 was up by
4.83% in July.

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Published by: Eurekahedge on Aug 14, 2013
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07/13/2014

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Index Flash
Hedge funds bounce back from lull to deliver winning returns inJuly
1
 
Hedge funds bounce back from lull to deliver winning returns inJuly
 Hedge funds returned to their winning ways in July as global markets bounced back from a retreat in June. The
Eurekahedge Hedge Fund Index
was up 0.90%
1
 during the month, the MSCI World Index
2
 was up by4.83% in July.Key takeaways for the month of July 2013:
 
Hedge funds up by 0.90% in July, with 70% of reporting funds delivering positive returns during themonth
 
Funds of hedge funds outperformed single manager funds in July, up 0.98% and remain aheadyear-to-date
 
 Japanese hedge funds outperformed the Nikkei 225 for the third consecutive month, up 18.63% asat end-July 2013
 
Hedge funds witnessed positive asset flows in July; net allocations for the year currently stand atUS$75 billion
 
As at end-July 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 USFederal Reserve's bond-buying program. Although Japanese 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 July. The
Eurekahedge Asia exJapan Hedge Fund Index
saw the strongest gains among all regional mandates - up 1.97%,outperforming the MSCI Asia ex-Japan Index
3
 which was up 1.84% in July. North American hedgefunds posted gains of 1.21% during the month as the S&P 500 surged 4.95% in July on the back of upbeat earnings, Fed announcements as well as positive macroeconomic data. Japanese 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%). Japanese equities were pushedinto negative territory in July as the Yen appreciated against the dollar and the euro while corporateearnings were also disappointing.
 
Index Flash
Hedge funds bounce back from lull to deliver winning returns inJuly
2
 
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 climbing4.95%, 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 July 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 of 1.16% in the month.
Main EurekahedgeIndicesJuly2013*2013Returns2012Returns
Hedge Fund Index 0.90 3.30 6.50Fund of Funds Index 0.98 3.79 4.11Long-Only AbsoluteReturn Fund Index2.36 4.61 15.98Islamic Fund Index 2.14 5.84 7.31
Eurekahedge StrategyIndicesJuly2013*2013Returns2012Return
Arbitrage 0.87 4.26 6.80CTA/Managed Futures-0.61 -2.121.31Distressed Debt 0.72 9.02 14.02Event Driven 1.54 4.91 8.95Fixed Income 0.36 2.39 11.24Long/Short Equities 1.95 7.01 8.04Macro 0.20 0.77 2.90Multi-Strategy 1.04 2.43 7.68Relative Value 1.63 3.83 10.66
Mizuho-EurekahedgeIndicesJuly2013*2013Returns2012Return
Mizuho-EurekahedgeIndex - USD1.15 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 IndicesJuly2013*2013Returns2012Returns
North American 1.21 4.95 7.89European 1.19 3.30 6.94Eastern Europe &Russia0.72-5.336.31 Japan 1.10 18.63 5.97Emerging Markets 0.99 1.18 11.30Asia ex-Japan 1.97 4.24 12.51Latin American 0.56-0.7711.23
EurekahedgeGlobal Hedge FundIndices by FundSizeJuly2013*2013Returns2012Returns
Small (<US$100m) 0.86 2.95 5.79Medium (US$100m -US$500m)0.82 4.26 7.15Large (>US$500m) 0.80 3.23 7.39Billion Dollar 0.76 3.61 8.58
 Asia-EurekahedgeIndicesJuly2013*2013Returns2012Returns
Greater China 1.62 7.05 13.49India 10.64 1.33 12.62* Based on 47.20% of funds which have reported July2013 returns as at 13 August 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 contact

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