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Alternative Market Briefing

Eurekahedge Hedge Fund Index up 0.33% in May but performance varied sharply according to fund size

Wednesday, June 20, 2018

Matthias Knab, Opalesque:

Numbers from the Eurekahedge hedge fund database show the following key highlights for May 2018:

  • Hedge funds posted their second consecutive month of gains, up 0.33% in May and 0.48% year-to-date. Performance has varied sharply with small to medium sized hedge funds delivering gains while funds managing in excess of US$500 million in assets seeing losses of 0.34% with their sub-group of billion dollar hedge funds declining 0.88% in May.

  • Total hedge fund assets grew by US$26.4 billion over the past five months, which compares with a growth in total AUM of US$92.9 billion over the same period last year. Investors have been selective in their allocations across strategies with long/short equities and macro hedge funds seeing stronger subscriptions year-to-date.

  • Assets under management for CTAs have shrunk by 7.13% in 2018 as underlying managers posted their fourth consecutive month of investor redemptions with net outflows totalling US$8.4 billion. Managers have posted performance-based losses of US$13.9 billion as of May 2018 year-to-date; the highest performance-based loss among all strategic mandate.

  • Asset base for the US$1.65 trillion North American hedge fund industry grew by US$17.3 billion over the year, with most of this growth attributed to investor allocations of US$19.4 billion year-to-date, while performance-based losses totalling US$2.1 billion were recorded.

  • Assets unde......................

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