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From Precy Dumlao, Opalesque Asia:
Investors confidence in hedge funds continued to remain strong through April as assets rose 2.2% or $57.6bn during the month to reach $2.607tln. According to hedge fund data provider HedgeFund.net,
HedgeFund.net, performance accounted for the majority of the asset increase while net investor allocations were positive for the tenth consecutive month.
In its monthly report, for April, HFN said the positive performance during the period reflects the continued increase in allocations amongst large investors to the hedge fund industry despite the industry lagging equity markets.p>
April performance accounted for $41.2bn of the net rise in assets while net inflows totaled $16.5bn.
The core rate of rate of growth (% asset change due to investor allocations/redemptions) was 0.65%, an increase from March and above the last twelve-month average.
Peter Laurelli, HFN Vice President disclosed that the total hedge funds assets under management is now 13% below the all-time high figures set in the second quarter of 2008.
"Long/short equity strategies have lagged the S&P by a monthly average of 156 basis points this
year, an indication of widespread defensiveness. This will likely be to the benefit of several strategies in May, but the rev...................... To view our full article Click here
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