Tuesday, 2 June 2015
Last updated 12 hours ago
Sep 17 2013 | 8:49am ET
Hedge fund assets under management fell by $6.3 billion in August, according to the latest data from Eurekahedge, bringing the size of the industry to $1.90 trillion.
The decline in AUM was mostly due to poor performance, as managers lost $4.7 billion over the course of the month, although the industry also saw net negative asset flow of $1.62 billion.
Long/short equity funds were a bright spot, asset-wise, as their AUM exceeded $600 billion for the first time since 2008.
Overall, hedge funds were down 0.23% in August. Distressed debt remains the best-performing strategy in 2013, up 9.77% as of end-August. CTA/managed futures, on the other hand, witnessed a fourth consecutive month of negative returns, shedding 0.43%.
In terms of regions, Latin and North America hedge funds delivered the strongest returns in August, the former gaining 0.36% and the latter outperforming the S&P 500, which shed 3.13%. Asian hedge funds outperformed underlying markets once again—Asia ex-Japan funds were up 0.10% and Japan-focused hedge funds were down 0.10% while the Nikkei 225 was down 2.04% and the Tokyo Topix was down 2.27% during the month. Japan-focused funds are up 18.82% YTD.
Hedge fund launches have picked up in 2013—over 500 funds have started operations year to date.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…