New York (HedgeCo.net) – Eurekahedge has launched a UCITS Hedge Fund Database and Index, covering 600 funds and representing more than $100 billion in assets.
Overall assets in UCITS hedge funds edged up by nearly 15% since the start of the year to peak at nearly $100 billion with 980 funds globally. 2009 returns stand at 21.77%, with 170 launches seen in the year. The first five months of 2010 have witnessed another 125 funds starting up, with total net inflows standing at $12 billion. With more funds being launched each week, Eurekahedge is expecting the total number to hit 1,200 by the end of 2010.
“UCITS hedge funds now account for 7% of the total hedge fund universe of $1.5 trillion but have attracted 20% of the net inflows into the industry year-to-date 2010 – firm evidence of increasing investor appetite for this product,” said Alexander Mearns, CEO of Eurekahedge.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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