New York (HedgeCo.Net) – Despite mixed returns, hedge funds grew assets under management by US$105.6 billion in the first half of 2014 bringing the current AUM of the global hedge fund industry to a record high of US$2.12 trillion, according to the July 2014 Eurekahedge Report.
- Net flows into global hedge funds totalled US$65.3 billion in the first half of 2014, closely trailing the US$67.0 billion inflows during the same period last year.
- European hedge funds attracted US$31.3 billion in net asset flows in the first half of 2014, up from US$15.9 billion over the same period last year.
- North American managers posted performance-based gains of US$29.6 billion while recording net asset flows of US$ 31.4 billion as at June-2014 year-to-date.
- Long/short equity hedge funds recorded their strongest mid-year asset flow numbers since H1 2006 – with net capital allocations of US$51.6 billion June year-to-date.
- New fund launches in Asia dropped in the first half of 2014 compared to the same period last year, with 40 hedge fund start-ups this year versus 70 in the previous year.
- North American multi-strategy and fixed income managers have performed consistently well this year, reporting gains of 8.33% and 6.35% respectively without a single losing month.
- India long/short equity funds returned another 5.69% in June, bringing their H1 2014 returns up to an impressive 32.81%.
- CTA/managed futures hedge funds recorded US$9.1 billion of outflows as of H1 2014, witnessing only one month of positive inflows in the last 12 months.
Hedge funds followed global equity markets higher to close 1.25% up by the end of June, with the Eurekahedge Hedge Fund Index reaching another new high during the month. Global equity markets saw another month of broad-based gains in June, with the strongest performers being Asia Pacific and Latin America for the emerging economies and North America for developed economies.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!
