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Hedge fund assets cross US$1.7 trillion for the 1st time
since Sep-08
Assets under management cross US$1.7 trillion for the first time
since September 2008.
Main Indices
Table 1: Main Indices
Feb 2011 2011 2010
Index
Est1 Returns Returns
Eurekahedge Hedge Fund Index 1.17 1.36 10.83
Eurekahedge Fund of Funds Index 0.65 0.64 4.43
Eurekahedge Long-Only Absolute
0.15 -0.64 15.00
Return Fund Index
Eurekahedge Islamic Fund Index -0.80 -1.29 9.58
Regional Indices
North American hedge funds delivered the best performance amongst the
major hedge fund regions1, gaining 2.08% in February. The S&P500 was
up 3.20%, during February, reaching a 32-month high during the third
week of the month. Increased risk appetite during the first three weeks
led to a sustained rally in the equity markets, as better-than-expected
corporate earnings and increasingly positive outlook on the global
1
Index Flash
Hedge fund assets cross US$1.7 trillion for the 1st time
since Sep-08
Most other regions also delivered positive returns, with Japanese hedge
funds gaining 1.92% in February as the strong corporate activity
continued in the market. Funds investing in financial and insurance
stocks, as well as material and mining companies, posted healthy gains –
the Nikkei 225 was up 3.77% % during the month. Returns from
European hedge funds were also positive in February, up 0.57%, while
Eastern Europe & Russia investing funds gained 1.66%. Asia ex-Japan
hedge funds witnessed losses to the tune of 0.83%, amid declines in
underlying markets – the MSCI Asia Pacfic ex Japan Index was down
2.36%.
Table 2: Regional Indices
Feb 2011 2011 2010
Index
Est1 Returns Returns
Eurekahedge North American Hedge
2.08 3.06 13.67
Fund Index
Eurekahedge European Hedge Fund
0.57 1.37 9.06
Index
Eurekahedge Eastern Europe & Russia
1.66 5.50 16.69
Hedge Fund Index
Eurekahedge Japan Hedge Fund
1.92 3.01 8.27
Index
Eurekahedge Emerging Markets
-0.33 -0.72 10.76
Hedge Fund Index
Eurekahedge Asia ex-Japan Hedge
-0.83 -2.32 10.80
Fund Index
Eurekahedge Latin American Hedge
0.09 0.02 9.84
Fund Index
Strategy Indices
2
Index Flash
Hedge fund assets cross US$1.7 trillion for the 1st time
since Sep-08
Fund Index
Eurekahedge Fixed Income Hedge
0.72 1.50 9.93
Fund Index
Eurekahedge Long/Short Equities
1.14 1.55 10.17
Hedge Fund Index
Eurekahedge Macro Hedge Fund
0.60 -0.08 7.83
Index
Eurekahedge Multi-Strategy Hedge
0.49 0.55 9.72
Fund Index
Eurekahedge Relative Value Hedge
1.09 1.51 11.41
Fund Index
Regards,
Eurekahedge
www.eurekahedge.com
+65 6212 0925
1
Based on 39.15% of the funds reporting their February 2011 returns as at 9 March 2011.
2
The MSCI World Index Free – Local Currency.
3
Not including Eastern Europe and Russia - it is a relatively new region for hedge funds with a
small number of funds.