Tuesday, 1 December 2015
Last updated 19 hours ago
Aug 23 2011 | 8:00am ET
Hedge funds managed growth of 0.44% in July even as the MSCI World Index declined 2.59% thanks to uncertain macroeconomic conditions, Europe’s debt crisis, and political wrangling over the U.S. debt ceiling.
Eurekahedge, reporting the slight growth, attributes it to hedge funds’ ability to provide downturn protection amid such conditions.
In geographical terms, Asia ex-Japan managers turned in the best performance of the month, adding 1.11%, with the majority of gains coming from long/short equity hedge funds. The largest ex-Japan markets—Australia, China and India—posted declines of 3.98%, 2.18% and 3.44% respectively, but Eurekahedge says managers investing in these countries were able to extract gains through their short exposures as well as value opportunities. All regions outperformed underlying markets for the third consecutive month.
Hedge funds continued to attract capital in July (the eighth consecutive month) with total assets under management increasing by $16.1 billion in July, bringing the industry total to $1.82 trillion. Managers added another $11.8 billion through performance-based growth. Investors all continued to allocate capital during the month with net positive asset flows of $4.3 billion.
Assets in multi-strategy funds surpassed $300 billion while assets in macro hedge funds reached a historical high of $125.3 billion.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…