Eurekahedge: Hedge Fund AUM Top $2T In May

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.

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