European Hedge Funds Hit Record High Levels in MarchWith a record $476.2 billion ($553.3 billion) by the end of March, assets held by European hedge funds hit record high levels in the first three months of this year, according to Eurekahedge.
Surpassing the previous high of US$473b hit in October 2007, as investors look to tap into the region's gradual recovery.
Globally, hedge funds eked out returns of 0.9 per cent in the first three months of 2014. This beat the 0.6 per cent posted by the MSCI's All-Country World Stock Index but underperformed the 1.3 per cent growth shown by the Standard & Poor's 500 and the FTSEurofirst 300 share indices over the same period.
After posting gains the month before, hedge fund returns took a hit in March as markets were disrupted by an escalation of tensions in Ukraine and worries over a slowdown in China, the world's second-largest economy.
Strategies focusing on distressed debt have performed best so far this year, the data showed, with returns hitting 2.8 per cent.Source: Timaru Herald