Hedge Funds’ Net Asset Flows Reach $50B in AprilAs the investment vehicles posted their second consecutive month of negative returns, hedge funds’ net asset flows reached the amount of $50 billion year-to-date in April.
The Eurekahedge Hedge Fund Index was down 0.15% in April. Year-to-date, hedge funds are up 0.78%, slightly ahead of the MSCI World Index which has returned 0.75% in the first four months of the year.
North American managers attracted US$24.8 billion of that $50 billion in allocations, while European managers pulled in US$25.1 billion.
The best-performing strategies in April were fixed-income funds, up 0.69% (2.60% YTD); multi-strategy funds, up 0.57% (up 1.32% YTD); arbitrage funds, up 0.51% (up 1.61% YTD): and CTA/managed futures funds, 0.38% (up 0.47% YTD).
Losing ground last month were long/short equities funds, down 0.86% (up 0.37% YTD); macro funds, down 0.45% (down 1.01% YTD); event-driven funds, down 0.19% (up 1.74% YTD); distressed debt funds, down 0.05% (up 2.98% YTD); and relative-value funds, down 0.02% (up 1.54% YTD).Source: FINalternatives