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Billion dollar hedge funds outperformed smaller peers in October amidst worries over global trade and interest rates


The asset-weighted Mizuho-Eurekahedge Index – USD gained 0.33 per cent in September, outperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.11 per cent throughout the month.

Approximately 49 per cent of the fund managers tracked by Eurekahedge posted positive returns over the month. Hedge fund managers overseeing in excess of USD1 billion in assets gained 0.57 per cent over the month, while small hedge fund managers (up to USD100 million AUM) lost 0.25 per cent.
 
Eurekahedge says that Asian fund managers posted losses of 0.94 per cent in September, underperforming their peers from developed markets, as they failed to capture the recovery of underlying equity markets, which saw major Asian equity indices edging higher throughout the month. On a year-to-date basis, the mandate was down 3.87 per cent.
 
CTA/managed futures fund managers meanwhile, ended the month of September down 0.35 per cent despite strength in oil and industrial metal prices. On a year-to-date basis, the mandate was down 1.55 per cent, and the Eurekahedge CTA/Managed Futures Hedge Fund Index was down in six out of the nine months of 2018.

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