Eurekahedge: Hedge Fund AUM Fall $6B In August

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.

 
 


In Depth

Q&A: Schroders’ Forest Discusses Multi-Asset Investments On Eve Of U.S. Launch

Jul 17 2014 | 8:05am ET

Global investment manager Schroders has $446 billion in assets under management, $...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note