Hedge Fund Industry AUM Tops $2T In February

Mar 18 2014 | 11:29am ET

Hedge funds added 1.79% in February as industry assets under management reached a record high $2.03 trillion, according to Eurekahedge.

Hedge funds recorded performance-based gains of US$15 billion and net asset inflows of $11 billion during the month.

Long/short equities hedge funds recorded their 15th consecutive month of positive net asset flows, with net capital allocations to the strategy for 2014 standing at $19.0 billion.

On the flipside, trend-following strategies posted their ninth consecutive month of net asset outflows in February, and saw redemptions worth $12.7 billion over this period.

Total assets in North American hedge funds reached a new high of $1.36 trillion with assets growing by $11.1 billion in the first two months of the year.

Japan-focused hedge funds recorded their second consecutive month of negative returns, down 1.12% year-to-date.

Distressed debt funds delivered their eighth consecutive month of positive returns, up 2.25% during the month and 3.37% year-to-date.

In 2013, a total of 1,124 new funds were launched while 777 funds reported themselves as liquidated, bringing the current size of the hedge fund industry to 10,757 hedge funds.

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Editor's Note

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…