Eurekahedge: North American Hedge Fund Index On The Rise

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)


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note