EurekaHedge: Hedge Funds Add $106B in AUM Through End of July

Aug 18 2015 | 1:15pm ET

Hedge funds added $106 billion to their assets under management during the first seven months of 2015, according to the August 2015 Eurekahedge Report, which expands on the company's flash update from last week.

The gain was a combination of strong investor inflows, which accounted for $54.1 billion of the increase, and approximately $52 billion coming from performance-based gains.

Other highlights of Eurekahedge’s report:

  • The CBOE Eurekahedge Relative Value Volatility Hedge Fund Index is up 5.12% year-to-date, coming in second place among all hedge fund strategic mandates. 
  • Relative value volatility funds have shown great consistency, posting annualized returns of 10.33% at a low annualized standard deviation of only 3.75% since 2005.
  • Asia ex-Japan hedge funds lost 2.60% in July as funds with Greater China exposure were among the hardest hit - down 8.49% in July.
  • CTA/managed futures funds have grown their asset base by 16% in 2015, largely on the back of strong capital inflows of $25.6 billion.
  • Multi-strategy funds have grown their asset base by 9.25% in 2015, reaching $362.4 billion. New investor inflows accounted for over half of this gain.
  • North American managers have grown their asset base by $63.4 billion and are up 3.01% year-to-date. 

Overall, hedge funds 0.27% during July, underperforming the MSCI World Index, which rose 1.34% in the period. European hedge funds were among the best performers, followed by Japanese and North American focused funds, gaining 1.04%, 0.73% and 0.56% respectively, noted Eurekahedge.

On a year-to-date basis, Eurekahedge reports that all regional mandates are in positive territory. Asia ex-Japan funds leads the tables with a gain of 9.44%, largely due to strong gains booked during the first half. 

The report’s conclusions were based on 53.4% of funds that have reported July 2015 returns as at 14 August 2015.

Founded in 2001, Eurekahedge tracks asset flows, hedge fund performance and regional key trends across the hedge fund universe. The firm's database tracks more than 130 data points on more than 24,000 alternative funds.

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