Hedge funds attract US$50 billion in five months

From the Eurekahedge June Index Flash Report

Hedge funds witnessed the seventh consecutive month of positive returns in May amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.20% during the month, while the MSCI World Index was down 0.45% in May.

Key highlights for May 2013:

• Hedge funds witnessed the 5th consecutive month of net allocations and 7th consecutive month of positive returns – up 3.89% year-to-date
• Total asset flows for 2013 currently stand at US$50 billion with total size of the industry at US$1.87 trillion
• Asia ex-Japan hedge funds outperformed underlying markets for three consecutive months – up 3.26% since end-February
• Eurekahedge is currently tracking almost 500 funds that have delivered more than 15% year-to-date and 250 funds that are up by over 20% year-to-date
• Distressed debt funds extended winning streak to 11 consecutive months, gaining 21% since end-June 2012
• CTA/managed futures funds declined by 1.69% in May 2013