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Eurekahedge Index Flash - April 2010

Eurekahedge Index Flash - April 2010

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Published by: Eurekahedge on Feb 08, 2011
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02/08/2011

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Index Flash
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 After a slow start to the year, hedge funds showed their strength inMarch, witnessing robust positive results across all regions andstrategies. The composite Eurekahedge Hedge Fund Index advanced2.54%
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amid significant movements in most underlying asset classes,bringing the YTD figure to 2.16%. The MSCI World Index increased5.93% in March and was up 2.74% YTD.
 
Initial reports indicate positive net asset flows for March
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and andUS$16 billion net inflows for February.
 
Distressed debt hedge funds climbed 7.35% YTD with 12 monthsof consecutive positive returns, gaining 49.08% over this period.
 
All regional and strategic indices reported positive returns bothfor March and for the year.
Main Indices
 Index Mar 2010Est
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 2010 YTDReturns 2009Returns Eurekahedge Hedge Fund Index 2.54 2.16 19.60Eurekahedge Fund of Funds Index 1.55 1.27 9.80Eurekahedge Long-Only AbsoluteReturn Fund Index7.02 6.72 46.95Eurekahedge Islamic Fund Index 1.65 1.65 21.7
Regional Indices
 Hedge funds across all regions delivered robust returns for March withemerging markets funds leading the way. Managers allocating to EasternEurope and Russia did especially well, with the Eurekahedge EasternEurope & Russia Hedge Fund Index leaping to a strong 6.88%. Managersallocating to Russia posted strong returns from their exposure to theenergy sector as well as to Russian equities while a surge in EasternEuropean stocks also yielded high gains – the RTS Index was up 11.46%while MSCI EM Eastern Europe Index was up 10.28% in the month.Asia ex-Japan managers also enjoyed healthy returns in March, with theEurekahedge Asia ex-Japan Index posting 3.92%. Most of the gains weredelivered on the back of strong rallies in the underlying equity markets,which were buoyed by positive economic data and upbeat sentiment –the MSCI Asia ex-Japan Index was up 7.15% in the month.
 
Index Flash
Hedge funds up 2.54% in March
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Index Mar 2010Est
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 2010 YTDReturns 2009Returns Eurekahedge North American HedgeFund Index1.94 2.48 23.38Eurekahedge European Hedge FundIndex2.48 3.17 21.54Eurekahedge Eastern Europe & RussiaHedge Fund Index6.88 8.04 60.76Eurekahedge Japan Hedge FundIndex2.86 3.77 6.72Eurekahedge Emerging MarketsHedge Fund Index2.83 1.92 34.60Eurekahedge Asia ex-Japan HedgeFund Index3.92 1.39 37.41Eurekahedge Latin American HedgeFund Index1.09 1.34 26.94
Strategy Indices
 All strategic indices were positive for March, with riskier assets deliveringthe best returns. Net long exposures to equity markets were profitable,with the S&P 500 returning 5.9% while the FTSE and DAX were up 6.1%and 93.9%, respectively. The Eurekahedge Long/Short Equities HedgeFund Index gained 3.04% in the month.Distressed debt managers were the best performers in March as theycontinued their winning streak to 12 straight months by gaining 49.08%on average over this time period. The Eurekahedge Distressed DebtHedge Fund Index was up 4.27% in March, bringing the YTD figure to7.35%. Managers employing this strategy have delivered exceptionalperformance recently, profiting from the continuing rally in the sector –the Merrill Lynch High Yield Index was up 4.99% YTD.Index Mar 2010Est
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 2010 YTDReturns 2009Returns Eurekahedge Arbitrage Hedge FundIndex1.92 3.13 23.60Eurekahedge CTA/Managed FuturesHedge Fund Index2.47 0.23 2.79Eurekahedge Distressed Debt HedgeFund Index4.27 7.35 34.98Eurekahedge Event Driven HedgeFund Index1.62 2.96 38.77Eurekahedge Fixed Income HedgeFund Index1.28 2.44 23.44Eurekahedge Long/Short EquitiesHedge Fund Index3.04 2.36 23.39Eurekahedge Macro Hedge FundIndex2.26 2.05 13.09Eurekahedge Multi-Strategy HedgeFund Index2.29 2.17 21.20Eurekahedge Relative Value HedgeFund Index2.02 3.04 20.25Eurekahedge indices are available for download fromwww.eurekahedge.com/indices/hedgefundindices.aspand are updatedwith the latest fund returns at 23:30 GMT every day. Index values anddata can be downloaded for free and subscribers can download the fulllist of index constituents. Please contactindices@eurekahedge.comfor

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