Komfie Manalo, Opalesque Asia:
Hedge funds surpassed the MSCI World Index by over 3% in January, with almost 90% of fund managers outperforming underlying markets during the month, said data tracker Eurekahedge in its February report.
However, the benchmark Eurekahedge Hedge Fund Index was down 0.48% last month, while the MSCI World Index declined 3.74% during the same period. Total assets under management decreased by $4bn in January Ė the sector witnessed performance-based losses of $5.92bn while registering net asset flows of $1.92bn. The total size of the industry now stands at $2.01tln, Eurekahedge said.
"Fund of hedge funds outperformed underlying single managers for the first time ever, up 8.09% in 2013 - and their best performance in the last four years," Eurekahedge said in the report. It added, "Final figures for 2013 put the growth in global hedge fund AUM at $240bn Ė with performance-based gains and net asset inflows for the year at $103bn and $137bn respectively.
The report added that long/short equities hedge funds recorded their 14th consecutive month of positive net-flows as investors allocated $4.4bn to the strategy last month.
CTA/managed futures strategy recorded net outflows of $7.9bn in the second half of last year as trend following strategies ended 2013 in negative territory.
Geographically, hedge funds investors in developed markets fa......................
To view our full article Click here