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Eurekahedge Index Flash - March 2012

Eurekahedge Index Flash - March 2012

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Published by Eurekahedge
The Eurekahedge Hedge Fund Index experiences its strongest start in 12 years
The Eurekahedge Hedge Fund Index experiences its strongest start in 12 years

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Published by: Eurekahedge on Mar 08, 2012
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03/08/2012

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Index Flash
The
Eurekahedge Hedge Fund Index 
 experiences its strongest start in 12 years
1
 
Hedge funds witnessed US$20 billion in net positive asset flows,positive returns for all regions and strategies
 The
Eurekahedge Hedge Fund Index 
was up 2.06%
1
 in February as optimism about European debt andstrengthening global economy fueled rallies in the underlying markets. The
MSCI World Index 
gained4.55%
2
 as high risk appetite continued for the second month running. All regions and strategies finishedthe month with positive returns while the asset-weighted
Mizuho-Eurekahedge Index 
was also up 1.64%in February.Key highlights for February 2012:
 
The
Eurekahedge Hedge Fund Index is up 
4.30% for the first two months of the year, meaningthe industry is enjoying its strongest start to a year in 12 years.
 
Hedge funds saw US$20 billion in net positive asset flows during January and February 2012.
 
Long/short equity funds have gained 6.2% year-to-date as of the end of February.
 
The asset weighted
Mizuho-Eurekahedge Asia ex-Japan Hedge Fund Index 
is up nearly 10%in 2012.
 
Eastern Europe & Russia investing hedge funds are on a strong run in 2012, with returns up animpressive 12.57%.
Regional Indices
 All regional mandates finished the month with positive returns with managers investing in EasternEurope & Russia and Asia ex-Japan witnessing the largest gains. The
Eurekahedge Eastern Europe &Russia Hedge Fund Index 
was up 6.10% in February, bringing its year-to-date return to a substantial12.57%. In addition to the overall positive global economic view, the underlying markets have benefittedfrom constructive moves by regional governments while managers investing in the region also gainedfrom the sharp gains in the local currencies against the greenback.Asia ex-Japan hedge funds delivered a 4.40% return for the month, bringing their February year-to-date(YTD) figure to 8.84%. The regional managers have profited from a strong performance in the consumerand industrial sectors while also profiting from strengthening local currency exposures. The asset-weighted
Mizuho-Eurekahedge Asia ex-Japan Index 
is up 9.55% February YTD, showing that largerfunds have outperformed over the last two months.Notable among other regions is the performance of European hedge funds, the
Eurekahedge European Hedge Fund Index 
was up 5.14% February YTD as heightened risk appetite and improving sentimentabout the European debt situation led to healthy performance in the underlying markets. Additionally,early reports indicate that European hedge funds have also started to attract capital from investors,implying that confidence in the region is returning.
 
Index Flash
The
Eurekahedge Hedge Fund Index 
 experiences its strongest start in 12 years
2
 
Strategy Indices
 Hedge funds with exposure to equities raked in the largest gains in February with long/short equitymanagers gaining 2.92%, event driven hedge funds up 2.44% and multi-strategy managers postingreturns of 2.21% for the month. Sustained rallies in the equity markets (driven by strong corporateearnings and improving US economic indicators) provided equity managers with a healthy profit-makingenvironment. The S&P 500 gained 4.06%, bringing its YTD return to 8.59% - the best first two months ofthe year since 1991. Long/short equity mangers captured most of the gains on offer during January andFebruary, with their YTD return standing at 6.17%. Event driven managers benefitted from investing incompanies with strong balance sheets, which had a number of low-value opportunities to gain from. Allother strategies also posted healthy returns for the month and remain in the black February YTD.
Main Indices
 
February2012*
 
2012Returns
 
2011Returns
 
Eurekahedge Hedge
 
Fund Index2.06 4.30-4.00 Eurekahedge Fund of 
 
Funds Index1.77 3.36-5.62 Eurekahedge (Long-Only)
 
Absolute Return Fund Index4.73 11.20-14.34 Eurekahedge Islamic
 
Fund Index2.95 5.42-3.45 
Strategy Indices
 
February2012*
 
2012Returns
 
2011Returns
 
Eurekahedge Arbitrage
 
Hedge Fund Index2.01 3.71 0.99Eurekahedge CTA/Managed
 
Futures Hedge Fund Index1.29 1.66-2.76 Eurekahedge Distressed Debt
 
Hedge Fund Index0.80 3.36-2.43 Eurekahedge Event Driven
 
Hedge Fund Index2.44 4.87-4.58 
 
Eurekahedge Fixed Income
 
Hedge Fund Index1.56 3.54 0.98Eurekahedge Long/Short
 
Equities Hedge Fund Index2.92 6.17-7.20 
 
Eurekahedge Macro HedgeFund Index1.04 2.90-1.40 Eurekahedge Multi-StrategyHedge Fund Index2.21 4.58-2.55 
 
Eurekahedge Relative ValueHedge Fund Index1.17 3.16-0.06 
Regional Indices
 
February2012*
 
2012Returns
 
2011Returns
 
Eurekahedge North American
 
Hedge Fund Index1.95 4.25-0.60 Eurekahedge European Hedge
 
Fund Index2.35 5.14-6.41 Eurekahedge Eastern Europe
 
& Russia Hedge Fund Index6.10 12.57-19.81 Eurekahedge Japan Hedge
 
Fund Index2.77 3.76-1.59 Eurekahedge EmergingMarkets Hedge Fund Index3.11 6.95-8.25 Eurekahedge Asia ex-JapanHedge Fund Index4.40 8.84-12.61 
 
Eurekahedge Latin AmericanHedge Fund Index2.05 4.73 2.28
Mizuho-Eurekahedge
 
Indices
 
February2012*
 
2012Returns
 
2011Returns
 
Mizuho-Eurekahedge Index -
 
USD1.64 3.42-2.08 Mizuho-Eurekahedge TOP
 
100 Index - USD1.25 2.71 1.91Mizuho-Eurekahedge TOP
 
300 Index - USD1.47 2.91 0.09
* Based on 33.06% of funds which have reported February2012 returns as at 8 March 2012.
 
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 be downloaded forfree and subscribers can download the full list of index constituents. Please contact indices@eurekahedge.com  for more information.In addition to our existing databases, we have incorporated Travel Plans, a new feature for our esteemedsubscribers. Travel Plans will allow fund managers to update their travel schedule onto their fund's profile page inthe database. To list or update your travel schedule, please contact travelplans@eurekahedge.com.  For the latest ongoing promotions offered by Eurekahedge and our marketing partners, please visit ourpromotions page, www.eurekahedge.com/promotions.  Eurekahedgewww.eurekahedge.com 
US office:
+1 646 710 4898 (EST 9am to 6pm)
International:
+65 6212 0925
 
1
 Based on 33.06% of funds which have reported February 2012 returns as at 8 March 2012.
2
 MSCI AC World Index All Core - Local.

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