Introduction
The Eurekahedge Hedge Fund Index gained 0.44%1 in August, bringing its 2010 year-to-date returns to 1.70%. Global hedge funds have continuously outperformed underlying markets this year, with the average hedge fund beating the MSCI World Index by 9.21% year-to-date. Consequently, assets under management have surpassed $1.54 trillion – highest level since December 2008. Investors committed $26.35 billion of capital to hedge funds last month while managers' performance contributed $9.0 billion to the gains for the month.
Highlights of hedge fund performance and asset flows for the month are as follows:
| August 2010 | US$ billion |
|---|---|
| Allocation (Inflows) | 26.35 |
| Redemption (Outflows) | -19.26 |
| Net Asset Flows | 7.09 |
| Positive Performance (Growth) | 9.01 |
| Negative Performance (Decline) | -2.74 |
| Total | 6.26 |
| Overall Total | 13.36 |
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Footnote
1Based on 76.54% of the NAV for August 2010 as at 21 September 2010.
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