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Eurekahedge Fund Index up 0.87% in January

Tuesday, February 21, 2017
Opalesque Industry Update - Hedge funds started the year up 0.87% in January with managers reporting performance-based gains of US$1.3 billion. Investor subscriptions stood at US$1.2 billion during the start of the year. In annual year 2016, final asset flow figures show that manager saw redemptions totalling US$55.1 billion while performance-based gains stood at US$35.1 billion over the same period.

For annual year 2016, AUM for European mandated hedge funds declined 5.47% with strong redemptions of US$27.0 billion recorded – the steepest outflows for 2016 among regional mandates.

The US$251.1 billion CTA/managed futures mandated hedge fund industry saw the highest net investor inflows among strategic mandates for annual year 2016 (US$11.0 billion). Managers posted modest performance-driven gains totalling US$2.7 billion over the same period.

The US$774.0 billion long/short equities hedge fund industry recorded the steepest decline in net outflows among strategic mandates or US$29.1 billion in annual year 2016 while performance-based gains stood at US$8.7 billion over the same period.

Asian managers saw asset decline of US$1.8 billion for annual year 2016, with total net outflows of US$3.4 billion recorded, while performance-based gains stood at US$1.6 billion. The Asian hedge fund industry oversees 8% of total global assets, or US$169.6 billion in AUM as of 2016.

Long-only absolute return funds gained 7.61% in 2016, well ahead of underlying markets and hedge fund peers which were up 7.33% and 4.46% respectively. Asia is home to 43% of assets in the US$225.9 billion long-only absolute return funds industry is concentrated within the region alone.

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