Introduction
Hedge funds posted positive returns in April, amid divergent trends in global markets. The benchmark Eurekahedge Hedge Fund index was up 0.87%1 while the MSCI World Index was up 2.02%2 over the month. Total assets under management were up by US$19.87 billion during April – the sector witnessed net positive asset flows of US$7.13 billion while witnessing profits of US$12.75 billion through performance-based gains. The total size of the industry now stands at US$1.87 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| April 2013 | US$ billion |
|---|---|
| Allocation (Inflows) | 18.78 |
| Redemption (Outflows) | -11.65 |
| Net Asset Flows | 7.13 |
| Positive Performance (Growth) | 14.91 |
| Negative Performance (Decline) | -2.16 |
| Total | 12.75 |
| Overall Total | 19.87 |
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Footnote
1Based on 56.02% of funds which have reported April 2013 returns as at 15 May 2013
2MSCI AC World Index All Core Local
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