In the Press: EMERGING MARKETS HEDGE FUND ASSETS EXTEND RECORD AS EXPECTATIONS FOR GLOBAL GROWTH RISE
HFRI Emerging Markets China Index surges over 26% to lead industry regions;
Inflation, Cryptocurrencies drive Macro positioning as HFR Cryptocurrency Index extends spike into 2021
CHICAGO, (February 26, 2021) – Emerging Markets (EM) hedge funds, led by funds investing in China, surged in 4Q to extend FY 2020 gains as EM hedge fund capital reached a new record, driven by gains in EM regional equity markets and surging cryptocurrencies.
The HFRI Emerging Markets (Total) Index gained +12.7 percent for 2020, led by the HFRI Emerging Markets: China Index, which surged +26.3 percent, as both indices positioned for the strong continuation of gains into 2021 as reported today with the releases of the HFR Asian Hedge Fund Industry Report and the HFR Emerging Markets Hedge Fund Industry Report from HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.
Total Emerging Markets hedge fund assets increased to a record of $256.6 billion to end 2020 (Chinese Renminbi: 1.66 trillion, Brazilian Real: 1.4 trillion, Indian Rupee: 18.7 trillion, Russian Ruble: 19.2 trillion, Saudi Real: 962 billion), an increase of nearly $5.0 billion over the prior quarter.
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