New York (HedgeCo.Net) – Hedge funds posted their best performance in the last 12 months, up 1.79% with fund managers delivering performance-based gains of $15 billion and recording net asset inflows of $11 billion during the month, the March 2014 Eurekahedge Report has revealed. The current AUM of the global hedge fund industry stands at $2.03 trillion – a new record high.
“Positive macroeconomic data from the Eurozone showed acceleration in manufacturing activity which provided further support to the markets, while tensions surfacing in Crimea towards the month end failed to dampen investor sentiment.” Eurekahedge said.
- Long/short equities hedge funds recorded their 15th consecutive month of positive net asset flows, with net capital allocations to the strategy for 2014 standing at $19.0 billion.
- Trend following strategies posted their ninth consecutive month of net asset outflows in February, and saw redemptions worth $12.7 billion over this period.
- Total assets in North American hedge funds reached a new high of $1.36 trillion with assets growing by $11.1 billion in the first two months of the year.
- Distressed debt investing hedge funds delivered their eighth consecutive month of positive returns – up 2.25% during the month and 3.37% year-to-date.
In 2013, a total of 1,124 new funds were launched while 777 funds reported themselves as liquidated, bringing the current size of the hedge fund industry to 10,757 hedge funds.
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