September 2011 Hedge Fund Performance Commentary

Eurekahedge September 2011 Introduction Hedge funds surpassed global equity markets in August as the Eurekahedge Hedge Fund Index 1 2 ended the month down 2.13% but with notable loss mitigation, outperforming the MSCI World Index by 5.57%. Challenging market conditions, lacklustre investor sentiment, the S&P credit downgrade of US Treasuries, as well as European debt worries were the main issues in the month as the MSCI World Index fell 7.7%. All major regional equity exchanges finished the month deep in the red with European bourses witnessing the largest losses as the MSCI Europe Index declined 10.47%. CTA and macro hedge funds capitalised on volatile markets and made net gains for the month of 0.08% and 0.19% respectively. August 2011 and July 2011 returns across geographical mandates
2.0% 1.0% 0.0% (1.0%) (2.0%) (3.0%) (4.0%) (5.0%) (6.0%) North America Europe Japan Asia ex-Japan Latin America
Aug-11

Eurekahedge Hedge Fund Index

Jul-11

Source: Eurekahedge

Although all regional mandates finished the month in negative territory, managers provided significant outperformance and downturn protection when compared to the underlying markets. The most significant outperformance was ...

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Based on 67.66% of funds which have reported August 2011 returns as at 16 September 2011 MSCI AC World Index USD Currency

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