Opalesque Industry Update - The April edition of the Eurekahedge Report finds that:
Long/short equity, multi-strategy and relative value funds witnessed their best quarter in two and a half years with gains of 6.15%, 4.57% and 4.61%
Assets in hedge funds crossed US$1.75 trillion, gaining nearly US$50 billion in the first three months of 2012
Long-only absolute return funds saw gains of 11.4% in the first quarter of this year
Relative value managers reached US$50 billion of capital for the first time on record
Islamic funds outperformed other alternative vehicles, gaining 0.63% during March 2012
More than 150 hedge funds have been launched globally as at the end of March this year
Eurekahedge's insurance linked securities index - the Eurekahedge ILS Adviser's Index - remains the least volatile across all strategies with an annualised standard deviation of 2.48%.