New York (HedgeCo.Net) – The latest issue of The Eurekahedge Report focuses on the US$275 billion UCITS hedge fund industry along with our regular coverage of monthly returns, performance and asset flows.

Highlights from this month’s report:

• Hedge funds are up 4.16% year-to-date, registering performance-based gains of US$52.2 billion while seeing net asset inflows of US$70.9 billion in 2014.
• Assets under management of UCITS hedge funds have reached a record high of US$275.2 billion.
• Asia ex-Japan hedge funds are on track to outperform their global peers yet again and are up 7.26% year-to-date.
• European hedge funds have seen their AUM grow by 8.63% this year, attracting US$32.2 billion in net asset flows as at August 2014 year-to-date despite muted returns of 1.41% over the same period.
• Long/short equity funds lead in terms of capital raising with net asset inflows of US$60 billion, followed by US$16 billion for fixed income and US$13 billion for event driven strategies year-to-date.
• CTA/managed futures hedge funds delivered the best return among all strategies in July, up 2.41% and 4.53% year-to-date though investors have redeemed US$12 billion from the strategy in 2014 alone.
• India investing hedge funds continue to record strong gains, reporting their seventh consecutive month of positive returns – up 2.54% and 28.52% year-to-date.

Latin American managers were the best performers during the month, returning 2.20%. Managers investing with a Brazilian mandate were the star performers in the region as underlying equity markets saw a sharp rally in anticipation of the upcoming elections. North American hedge funds gained 1.68%, buoyed by strong tailwinds as the S&P 500 rose 3.77%. On the other hand, the Eurekahedge European Hedge Fund Index was the weakest regional mandate, gaining only 0.34% as the region was plagued by persistently weak growth and inflation figures on top of the deteriorating geopolitical tensions in Ukraine. The Russian RTS Stock Index fell another 2.39% during the month. Japanese managers came in second-to-last place with gains of 0.79%, though outperforming the Nikkei 225 Index which saw losses of 1.26% in August.