Hedge Funds Post Performance-Based Gains Of $100B in '13

Jan 21 2014 | 7:20am ET

Hedge funds realized their best performance-based gains since 2010 last year, raking in US$100 billion, according to the latest Eurekahedge data.

Long/short equities strategies accounted for almost half of that gain.

Total industry assets increased almost 13% in 2013, surpassing US$2.0 trillion.

Hedge funds pulled in US$130 billion in net asset allocations in 2013 and long/short equities managers again led the way, attracting US$82.2 billion of those net inflows.

European hedge fund managers may not have set a performance record in 2013—they were up 8.77%—but they attracted record high net asset inflows of US$60.2 billion for the year.

North American long/short equities hedge funds were up 18.48% in 2013 and according to Eurekahedge, 20% of them managed to beat the S&P500 Index by an average of 20.52% during the year.

Asian hedge funds were up 15.86% in 2013 with net asset inflows of US$11 billion—the highest level on record since 2007.

Japanese hedge funds remained ahead of other regions, up 26.77% with pure Japan-mandated funds recording net inflows of US$700 million since June 2013

Greater China focused hedge funds were up 19.39% in 2013, outperforming the Hang Seng Index by more than 16%

Strategy-wise, distressed debt hedge funds delivered the best returns in 2013, ending the year up 17.95%.


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