Hedge Funds Record Postive Jan. As Total AUM Hit $1.7T

Feb 16 2011 | 8:13am ET

Hedge funds gained 0.06% in January, according to the Eurekahedge Hedge Fund Index, their seventh consecutive positive month.

The sector attracted $3.39 billion in net asset flows, but performance-based growth was negative $2.13 billion. Total assets under management rose by $1.26 billion to $1.68 trillion.

Elsewhere the report noted that while the Eurekahedge Hedge Fund Index was 0.13% in January 2011, Japan was up 1.1% and Korea up 1.57%.

Distressed debt funds continued their strong performance, adding 1.37% in January.
North American hedge funds have now racked up 12 straight months of net positive asset flows, their longest such run since 2004.

In addition, more than 30 funds were launched in January; European hedge funds have seen net positive asset flows of $20.3 billion since July; and 56% of hedge fund managers are above their high-water mark since December 2008.

 


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