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Eurekahedge Index Flash - July 2010

Eurekahedge Index Flash - July 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
Hedge funds returns flat YTD
1
 
July 2010
 Hedge fund returns were flat to marginally negative in June (-0.50%
1
) asmost managers steered cautiously through volatile markets. The Juneyear-to-date returns of the Eurekahedge Hedge Fund Index now stand at-0.02%. In comparison, the MSCI World Index was down 3.56% in June,with the year-to-date measure falling to -10.88%.Below are the highlights for the month:
 
Hedge funds remained flat June year-to-date (-0.02%) whileoutperforming global markets by nearly 11%.
 
Strong launch activity was seen in 1H2010 – more than 500launches globally.
 
UCITS III hedge fund assets crossed US$100 billion during1H2010.
Main Indices
 After experiencing sharp losses in May, hedge fund managers did well toprotect capital in June, which witnessed a very volatile marketenvironment. The month was marked by sharp trend reversals anderratic price movements across most asset classes as the VIX registeredan increase of 8%. Although hedge fund returns for most regions werenegative, managers characteristically outperformed their respectivemarket indices.Latin American hedge funds delivered the best returns, gaining 0.95%during the month and outperforming the MSCI Latin America Index,which returned -1.11% with 26.3% volatility. Latin American managersmostly profited from defensive positions in the equity sector to bring theEurekahedge Latin American Hedge Fund Index to 1.47% June year-to-date. Broader emerging markets hedge funds were also marginallypositive with gains of 0.15% while Asia ex-Japan funds returned 0.14%for the month.Index June 2010Est
1
 2010Returns 2009Returns Eurekahedge Hedge Fund Index-0.50 -0.0219.63Eurekahedge Fund of Funds Index-0.66 -1.119.76Eurekahedge Long-Only AbsoluteReturn Fund Index-0.77 -0.7946.93
 
Index Flash
Hedge funds returns flat YTD
2
 
Eurekahedge Islamic Fund Index 0.03-1.1321.52
Regional Indices
 Index June 2010Est
1
 2010 YTDReturns 2009Returns Eurekahedge North American HedgeFund Index-0.910.82 23.82Eurekahedge European Hedge FundIndex-0.780.33 20.39Eurekahedge Eastern Europe & RussiaHedge Fund Index-2.290.58 61.14Eurekahedge Japan Hedge FundIndex-2.131.28 7.26Eurekahedge Emerging MarketsHedge Fund Index0.15-0.6534.97Eurekahedge Asia ex-Japan HedgeFund Index0.14-3.1338.11Eurekahedge Latin American HedgeFund Index0.95 1.47 27.52
Strategy Indices
 Most hedge fund strategy indices ended the month in negative territory,with long/short equity managers suffering the most losses. TheEurekahedge Long/Short Equity Hedge Fund Index was down 1.12% inJune as global equity markets remained on the edge throughout themonth. Most other strategies were marginally in the red, while fixedincome continued to deliver solid gains on the back of rallying bondprices. CTA/managed futures funds were positive for the month, gaining0.55% as most managers successfully navigated through the range-bound but choppy markets. Managers employing volatility arbitrage anddispersion strategies were also up during the month, gaining 0.51% onaverage.Index June 2010Est
1
 2010 YTDReturns 2009Returns Eurekahedge Arbitrage Hedge FundIndex-0.381.70 22.66Eurekahedge CTA/Managed FuturesHedge Fund Index0.55-0.052.66Eurekahedge Distressed Debt HedgeFund Index-0.066.42 34.35Eurekahedge Event Driven HedgeFund Index-0.922.15 39.15Eurekahedge Fixed Income HedgeFund Index0.48 3.73 21.55Eurekahedge Long/Short EquitiesHedge Fund Index-1.12 -1.7523.56Eurekahedge Macro Hedge FundIndex-0.520.64 12.64Eurekahedge Multi-Strategy HedgeFund Index-0.480.31 21.19Eurekahedge Relative Value HedgeFund Index-0.651.67 21.52Eurekahedge indices are available for download fromwww.eurekahedge.com/indices/hedgefundindices.aspand are updated

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