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Eurekahedge Fund Index up 0.97% in February (+1.87% YTD)

Tuesday, March 21, 2017
Opalesque Industry Update - Key highlights for February 2017:

Hedge funds were up 0.97% in February with year-to-date gains coming in at 1.87%. Investor subscriptions have picked up pace since the start of 2017, with net inflows coming in at US$17.1 billion.

AUM for the North American hedge fund industry has reached a record high of US$1.52 trillion. Investor subscriptions for 2017 year-to-date stood at US$15.8 billion, with US$11.7 billion of performance-based gains recorded over the same period of time.

The US$261.0 billion CTA/managed futures mandated hedge fund industry saw the highest net investor inflows among strategic mandates for 2017 (US$8.4 billion). Managers posted modest performance-based gains totalling US$1.4 billion over the same period.

AUM for long/short equities hedge fund managers grew by US$10.1 billion over the first two months of the year with strength led by performance-based gains of US$8.6 billion. Long/short equities hedge fund managers are up 2.72% over the past two months.

Asian managers saw investor subscriptions of US$1.5 billion on a year-to-date basis, with performance-based gains of US$1.9 billion. On a year-to-date basis, Asia ex-Japan managers were up 3.55% with underlying Greater China and Indian managers up 5.49% and 6.76% respectively. Japan focused funds were up 1.67% over the same period.

European managers gained 0.52% during the month, with year-to-date gains coming in at 1.16%. The US$507.5 billion European hedge fund industry was the only region to witness year-to-date investor redemptions of US$1.2 billion while performance-based gains of US$2.8 billion were recorded.

Sub-billion dollar hedge funds recorded strong investor interest as of 2017 year-to-date, with net inflows totalling US$9.1 billion. Within sub-billion dollar hedge funds, mid-size funds managing between US$100 million and US$500 million have seen inflows of US$4.9 billion.

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