Friday, 24 October 2014
Last updated 17 hours ago
Oct 17 2012 | 8:37am ET
The Eurekahedge Hedge Fund Index was up 1.02% in September, its third consecutive month of growth, putting it up 4.23% year to date.
Asia ex-Japan managers posted the best returns for September, gaining 3.69%. European and North American hedge funds also posted healthy gains for the month with returns of 1.92% and 1.03%, respectively.
The Mizuho-Eurekahedge Index (asset-weighted), recorded a fourth month of gains in September, adding 1.00%. The best performers were Indian funds which added 4.38% on the month. The index was dragged down by tail risk and trend following funds.
Total assets under management increased by US$8.1 billion during the month, bringing the size of the industry to US$1.76 trillion. Hedge funds posted performance-based gains of US$5.1 billion as most strategies were profitable. The industry also witnessed net positive asset flows for the second consecutive month as investors allocated a further US$2.9 billion to the industry.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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