Billion dollar funds outperformed their smaller peers amidst worries over global trade and interest rates
Equal-Weighted and Asset-Weighted Performance of Hedge Funds
The asset-weighted Mizuho-Eurekahedge Index – USD gained 0.33% in September, outperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.11% throughout the month. Approximately 49% of the fund managers tracked by Eurekahedge posted positive returns over the month. Hedge fund managers overseeing in excess of US$1 billion in assets gained 0.57% over the month, while small hedge fund managers (up to US$100 million AUM) lost 0.25%.
Hedge Fund Performance by Region (2018 YTD)
Hedge Fund Performance by Strategy (2018 YTD)
Region Highlight
Asia (-3.87% YTD)
-US$0.1 billion AUM YTD
Asian fund managers posted losses of 0.94% in September, underperforming their peers from developed markets, as they failed to capture the recovery of underlying equity markets, which saw major Asian equity indices edging higher throughout the month. On a year-to-date basis, the mandate was down 3.87%.
Hedge Fund Management Fees
Strategy Highlight
CTA/Managed Futures (-1.55% YTD)
-US$21.3 billion AUM YTD
CTA/managed futures fund managers ended the month of September down 0.35% despite strength in oil and industrial metal prices. On a year-to-date basis, the mandate was down 1.55%, and the Eurekahedge CTA/Managed Futures Hedge Fund Index was down in six out of the nine months of 2018.
Hedge Fund Launches and Closures
Article by Eurekahedge
