Q3 hedge fund redemptions hit $13bn

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Data from Eurekahedge suggest net redemptions from hedge funds saw $13bn withdrawn from hedge fund strategies through the third quarter this year.

The flows came despite performance data suggesting that hedge fund strategies overall beat the MSCI World index through September, although over the year to date they have slightly underperformed the index.

The Eurekahedge Hedge Fund index returned 0% through September against a -1.86% performance by the benchmark. Over the year the relative figures are 3.87% versus 3.99%, as the MSCI World index has performed better.

Key points noted by Eurekahedge include

  • CTA/managed futures funds reported the biggest gain of 2.47% in September, bringing their year-to-date returns up to 6.54%, the highest out of all strategic mandates
  • Japanese hedge funds were the only developed country mandate to post a gain during the month, reporting their fifth consecutive month of gains, beating the benchmark Nikkei 225 index by almost 3.5% year-to-date
  • Latin American managers suffered losses of 2.03% during the month, though outperforming the MSCI Latin America Index which fell 7.74%
  • India focused hedge funds posted their eighth consecutive month of gains, up 2.62% in September and 30.88% year-to-date
  • Eastern Europe and Russia investing funds were down 4.08% in September, and down 11.57% year-to-date – the worst performer among all regional mandates.
  • Distressed debt strategies posted a loss of 2.24% in September, their biggest monthly loss in the past three years


 Regional IndicesSeptember
2014 YTD
Eurekahedge North American Hedge Fund Index-0.185.2610.51
Eurekahedge European Hedge Fund Index-
Eurekahedge Eastern Europe & Russia Hedge Fund Index-4.08-11.57-0.99
Eurekahedge Japan Hedge Fund Index0.762.7827.82
Eurekahedge Emerging Markets Hedge Fund Index-1.523.625.16
Eurekahedge Asia ex-Japan Hedge Fund Index-0.186.5811.72
Eurekahedge Latin American Hedge Fund Index-2.033.701.68
Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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