Hedge Funds’ Net Asset Flows Reach $50B in April
As 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