Saturday, 10 October 2015
Last updated 14 hours ago
Apr 24 2009 | 9:53am ET
By Ankur Samtaney, Eurekahedge Analyst -- The Eurekahedge North American Hedge Fund Index rose a healthy 1.5% in 2009, on the back of sharp reversals in the underlying markets.
Equities rallied strongly during the month from their recent multi-year lows, owing to the Fed’s intervention and the news of some large banks having been profitable in early 2009; the S&P 500 finished the month up 8.5%. Against this backdrop, regional long/short managers finished the month up a solid 2.7%, on average, making most of their gains from long positions during the month. However, while a number of managers repositioned their portfolios to benefit from the bear market rally, some other cautious and conservatively positioned managers finished the month flat to negative.
CTA/managed futures funds, on the other hand, finished the month down 2.5%, on average. While some managers benefited from the upturn in crude oil and energy prices, sharp trend reversals in the underlying markets took a toll on the performance of trendfollowing strategies during the month.
Download: The Eurekahedge North American Hedge Fund League Tables (PDF)
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…