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Alternative Market Briefing

90% of hedge funds outperformed underlying markets in January

Wednesday, February 19, 2014

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 – 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 – 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......................

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