Skip to main content

Eurekahedge: Hedge Funds Record Best Year Since 2013

The Eurekahedge Hedge Fund Index gained +1.52% in December, pushing the full year gains to +8.58%, the best year for the index since 2013, according to the firm. Almost three-quarters - 74.7% - of all managers reported positive performance in December, and 38% of all of the managers in Eurekahedge's database returned double digits last year. At the strategy level, equity long bias was the best performing strategy tracked by Eurekahedge, returning +16.97% in 2019.

Eurekahedge attributes the gains to markets reacting positively to the encouraging geopolitical development surrounding the US-China trade talks. The two economic powerhouses officially reached an agreement which avoided the additional tariffs on Chinese imported goods originally slated to come into effect on December 15. In return, China agreed to purchase more US agricultural products, tighten intellectual property protection, and end practices of forced technology transfer from US companies. The resulting risk-on sentiment boosted major US equity benchmarks to new all-time highs during the month.

© The Sortino Group Ltd

All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.