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Laxman Pai, Opalesque Asia: The global hedge fund industry AUM has grown by $0.5bn as of May 2019 year-to-date, said the June 2019 Eurekahedge report.
Final Q1 2019 net outflows figure stood at $46.4bn, just under half of the investor redemptions totalling $94.7bn seen in the final quarter of 2018, it said.
Following four consecutive positive months since the beginning of the year, the Eurekahedge Hedge Fund Index was down 0.71% in May, bringing its year-to-date return to 4.32%.
Hedge fund managers struggled to generate returns amidst the risk-off environment resulting from the re-escalation of the US-China trade war.
Roughly 15.0% of the hedge fund managers comprising the index have recorded double-digit gains over the first five months of the year.
The Eurekahedge Asia ex Japan Hedge Fund Index was up 5.51% year-to-date, supported by the recovering Asian equity markets throughout the first quarter of 2019.
However, the return of the trade tension between the US and China posed as a headwind for fund managers focusing on the region. Investor redemptions from the mandate stood at $4.2bn over the first five months of the year.
North American hedge fund managers down 1.22%
North American hedge fund managers were down 1.22% in May, as the region's equity markets slumped under the US-China trade talk breakdown. On a year-to-date basis, the Eurekahedge North American Hedge Fund Index was up 5.28%.
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