Total hedge fund industry assets stood at US$1.91 trillion at the end of September, just 2% shy of their all-time high.
Net asset flows year-to-date stood at US$95.3 billion, the highest inflows in five years, according to the latest data from Eurekahedge. Assets in long/short equity funds surpassed US$600 billion for the first time since 2008.
Hedge funds were up 1.18% in September, according to the Eurekahedge Hedge Fund Index.
Regionally, Asia ex-Japan hedge funds have outperformed underlying markets by more than 8% YTD and were up 2.81% in September. Greater China funds have posted three consecutive positive months, adding 2.14% in September (11.24% YTD) while India-focused funds added 6.93%. Japanese-focused funds added 2.60% in September and are up 21.14% YTD. European, Latin American and North American funds were up 1.54%, on average, in September.
On the flip side, European CTA/managed futures funds posted their eighth consecutive negative month and are down 4.57% YTD.
The asset-weighted Mizuho-Eurekahedge Index was up 2.16% in September.