Wednesday, 1 October 2014
Last updated 10 hours ago
Jun 17 2014 | 8:56am ET
Hedge fund industry assets under management hit a record $2.1 trillion in May, according to new Eurekahedge data.
Hedge fund managers posted performance-based gains of $11.1 billion last month while net asset inflows for the month stood at $2.1 billion, helping bring industry AUM to the record total.
Hedge funds returned 1.12% in May, putting them up 1.88% year to date. Event-driven strategies have been the best performers YTD, adding 3.96%, while posting performance-based gains of $6.5 billion and attracting $7.6 billion in new capital allocations.
Region-wise, Asia ex-Japan managers posted the best returns in May, adding 1.60%. Europe-focused managers added 1.31%, Latin America-focused managers added 1.24%, North America-focused managers were up 1.15% and Japan-focused managers added 0.97%.
On a YTD basis, North American and European managers were the best performers, adding 3.20% and 2.15%, respectively. Japan-focused managers were the only ones in the red, down 1.44% YTD.
The asset-weighted Mizuho-Eurekahedge Index was up 0.84% in May, with the top 100 constituents performing better than their smaller counterparts, gaining 1.02%.
Hedge funds with $1 billion or more under management have delivered performance-based gains of $17.1 billion YTD while seeing net capital inflows of $34.4 billion.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
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