New York (HedgeCo.net) – The latest monthly report from Eurekahedge was released on Tuesday and there were several items of note in the report. The most notable statistic in the report was that hedge fund assets have continued to grow in the first half. According to the report, AUM grew by $93 billion in the last six months with approximately $52 billion coming from performance growth and the other $41 billion being from inflows.
The second quarter also saw European hedge funds add $12.5 billion and that stopped a streak of outflows that had lasted for the previous three quarters. Given the turbulence in the European markets and economies, it is encouraging to see inflows into hedge funds in the region.
Another segment of the hedge fund industry that saw inflows while struggling from a performance standpoint was the CTA/Managed Futures funds. New capital has moved in to the segment to the tune of $20 billion in the first half of the year and that is the biggest inflow of assets for the group since 2008.
Strength in the dollar has caused many commodities to fall for most of the first half of the year and that has contributed to the struggles by CTA/Managed Futures funds.