Asia Macro Hedge Fund Puts In Stellar Performance; Outperforms Global Average

Tom Burroughes

21 August 2014

A hedge fund that seeks to profit from broad macro-economic trends has surpassed the $1 billion asset mark, becoming one of the big-hitters in the Asia region, according to Bloomberg. The performance certainly comes well ahead of global averages for macro funds, industry data shows.

The report concerned Quantedge Global Fund, described as “Asia’s best-performing macro hedge fund”. Starting with a relatively puny $3 million in October 2006, it has risen in AuM to $1.05 billion at the end of June, the fund’s Singapore-based management company Quantedge Capital was quoted as saying this week.

The business has returned an annualised 33 per cent since its inception, the report said, making it the standout macro hedge fund in Asia.

This performance stands in contrast to a downbeat report this week from eVestment, which provides data on funds. It said yesterday in a statement that there were outflows from macro strategies, globally, of $2.5 billion in July, taking year-to-date flows into negative territory. “If the current trend continues, macro funds will have experienced net outflows for two consecutive years. This has not occurred since at least 2003,” it said.

In total, for all strategies, YTD flows stand at $102 billion, as of July. In performance terms, the aggregate performance for year-to-date is 2.57 per cent, lagging the S&P 500 Total Return of 5.66 per cent, eVestment said.