Global Hedge Fund AUM Surpasses $2T

Jun 10 2014 | 9:29am ET

The global hedge fund industry now manages $2.1 trillion, according to the latest data from Eurekahedge, as fund managers generated performance-based gains of $9.29 billion in May.

Hedge funds recorded a fourth straight month of positive asset flows in May, bringing net capital allocations year to date to almost $60 billion.

BarclayHedge and TrimTabs Investment Research says investors poured $56.4 billion into hedge funds in the first four months of 2014, more than triple the $16.9 billion total from the same period in 2013. And while assets have risen 18% in the past 12 months, they are still down 9% from the all-time high of $2.4 trillion in June 2008.

Event-driven funds were the best performers in May, adding 1.88% according to Eurekahedge, followed by multi-strategy funds (up 1.45%) and long/short equities (up 1.37%).

In regional terms, Eastern Europe and Russia-focused managers led the pack in May, returning 8.37%.

Emerging markets-focused hedge funds were up 2.24% in May, with managers reporting strong gains from their exposure to India.

Japanese hedge funds were up 0.80%, their first month of positive returns for 2014.

Islamic funds are the best-performing investment vehicle, thanks to strong gains in Arabian markets. The Eurekahedge Middle East/Africa Islamic Fund Index was up 10.18% YTD in May.

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