Hedge Fund News: Eureka Hedge Report

Hedge Fund News: Eureka Hedge Report
  • Total hedge fund assets grew by US$19.9 billion for 1H 2016 with US$25.1 billion attributed to investor inflows whereas managers saw performance-driven losses of US$5.2 billion. Fund liquidations have outpaced launches for both quarters of 2016, with a total of 372 funds closing to date.
  • CTA/managed futures funds topped the tables across strategic mandates for June and 1H 2016, up 3.30% and 4.33% respectively. As of 1H 2016, net inflows into the strategy have come in at US$7.2 billion, down from US$24.2 billion over the same period in 2015. The Eurekahedge Trend Following Index, a sub-group of the broad CTA/managed futures index was up 5.96% during the month.
  • Closures outpaced launches for six consecutive quarters for the European hedge fund industry – with a total of 484 funds liquidating since 2015. Investor have redeemed US$4.4 billion from the industry over the past two months. More on the European hedge fund industry is available in this month’s Key Trends in European Hedge Funds report.
  • Among developed mandates, North American hedge fund managers were the best performers as of 1H 2016, up 2.80% year-to-date. North American hedge funds received the highest year-to-date allocations among all regional mandates with inflows of US$12.2 billion. This is compared to US$30.0 billion over the same period last year. On the other hand, Japanese managers were the worst performers during the month, down 2.43% as Abe mulls helicopter money.
  • Long/short equity hedge funds lost 0.96% as of 1H 2016, with sub-group index the Eurekahedge Equity Long Bias Hedge Fund Index down 2.86% over the same period. Managers have posted performance based losses of US$7.8 billion in the first half of 2016, which compares with gains of US$17.3 billion for the annual year 2015.
  • The Eurekahedge UCITS Hedge Fund Index was up 1.91% over the three year annualised period, compared to the Eurekahedge ex-UCITS Hedge Fund Index which gained 3.87% over the same period; a deficit of almost 200 basis points in performance for the added liquidity. For more details please refer to the Key Trends in UCITS Hedge Funds report.
  • The Eurekahedge FX Hedge Fund Index is up 5.48% over a five year annualised basis, and posted gains of 0.10% in June as managers posted gains on G-10 and emerging currency pairs trading. For more details click here.
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    Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.