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Alternative Market Briefing

Global hedge fund industry AUM declines by $204.7bn in May 2020 YTD

Wednesday, June 17, 2020

Laxman Pai, Opalesque Asia:

The global hedge fund industry AUM has declined by $204.7 billion as of May 2020 year-to-date. Net outflows for Q1 stood at $85.9 billion, which compares to the $94.7 billion of net outflows in Q4 2018, said Eurekahedge Report.

The Eurekahedge Hedge Fund Index gained 2.03% in May, recouping some of the losses it suffered in the first quarter, supported by the robust performance of the underlying global equity market as seen by the 4.32% return of the MSCI AC World Index over the same month.

According to the report, the Eurekahedge North American Long Short Equities Hedge Fund Index gained 3.88% in May, driven by the strong performance of US equities. The tech-heavy NASDAQ gained 6.75% - recording its new all-time high in May, while the S&P 500 ended the month up 4.53%.

Meanwhile, the Eurekahedge Greater China Long Short Equities Hedge Fund Index was up 0.82% in May, outperforming the Hang Seng and CSI 300 by 7.65% and 1.98% respectively, as the region's equity markets were adversely affected by the ongoing political unrest in Hong Kong.

The Eurekahedge CTA/Managed Futures Hedge Fund Index was up 0.46% in May, bringing its year-to-date return to 1.18%. The reopening of several major economies increased the global demand for oil during the month, providing support for oil prices. The market prices of US and Brent crudes increases by around 50% throughout the month.

The Eurekahedge Fixed Income Hedge Fund Index was up 2.22% in Ma......................

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