Hedge funds gained value in September, according to yet another index that tracks the activity of hedge funds. The Eurekahedge Hedge Fund Index went up by 1.05% last month, with global stock indices outperformed and the MSCI World Index appreciated by 3.87%, according to a report obtained by Insider Monkey from Eurekahedge.
Among the highlights presented in the report, Eurekahedge noted that the total assets of the hedge fund industry amounted to $1.91 trillion in September, while assets in long/short equity hedge fund went abover $600 billion mark for the first time since 2008. Here’s a quote from the report:
“Global markets remained in headline-following mode during the month, rising in the first few weeks as the risk of a US strike on Syria declined. Positive macroeconomic data from Europe and China also pushed up market indices and the decision of the US Federal Reserve to maintain the pace of asset-purchase, added further strength to the rally. Markets declined in the latter half of the month as investor focus turned to the budget impasse in the US Congress.”
The regional indices that track hedge funds from a geographical point of view have slight discrepancies. As follows, Eurekahedge Eastern Europe & Russia Hedge Fund Index had the highest appreciation in September, adding 5.92%, followed by Eurekahedge Asia ex-Japan Hedge Fund Index and Eurekahedge Japan Hedge Fund Index with gains of 2.81% and 2.69% respectively. The “losers” of the list are Eurekahedge North American Hedge Fund Index, Eurekahedge European Hedge Fund Index, and Eurekahedge Latin American Hedge Fund Index, which returned 1.43% each.
While regional indices all experienced a growth last month, among strategy-oriented indices, the situation is changed with Eurekahedge CTA/Managed Futures Hedge Fund Index showing a 0.72% decline in September. The top gainers among strategy indices are Eurekahedge Long/Short Equities Hedge Fund Index, and Eurekahedge Event Driven Hedge Fund Index, which picked up 2.1% and 1.9% respectively.