New York (HedgeCo.net) – Preliminary reporting from Eurekahedge finds that August marks the 6th consecutive month of positive returns for hedge funds (up 13.1% YTD); hedge funds up 2.6% for the last 12 months, while the MSCI AC World Index is down 18.5% for the same period.

Net inflows for hedge funds reached $4.5 billion in August, with over 50% of the reporting funds attracting capital during the month.

Most hedge funds recorded gains averaging close to or over 2% during August, with European managers (2.6%) delivering the best gains, on average. North American and Latin American funds ended the month with gains averaging 1.8% and 2.1%. Asian managers, on the other hand, underperformed most others, with Japan-specific funds up 0.7% and their Asia ex-Japan-investing counterparts down 1.1%.

There were over 300 new hedge fund launches and 400 fund closures confirmed by Eurekahedge so far this year.

Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: american funds, european-managers, hedge fund, hedge funds, launches

Reuters India – Asian hedge funds were up a fourth straight month in June, rising an estimated 1.79 percent, on the strength of gains in Chinese and Japanese stocks, hedge-fund tracker Eurekahedge said.

The positive returns in June, which is based on preliminary data, brought gains since the start of 2009 to 13.96 percent.

Japan hedge funds gained 2.14 percent, North American funds edged up 0.60 percent, European funds lost 0.15 percent and Latin American funds returned 1.19 percent, the Singapore-based firm said in a statement on Wednesday.

Read Complete Article

Tags: american funds, eurekahedge, fund tracker, hedge funds, india, japan, japanese stocks, latin american, reuters, singapore

West Palm Beach (HedgeCo.net) – There were fewer redemptions in February 2009,($11 billion) compared to January,($30 billion), according to preliminary reports from Eurekahedge, pointing towards the easing of redemption pressures for hedge funds in the future.

The Hedge Fund Index was down 0.5% in February suggesting another month of loss mitigation and strong relative outperformance – The S&P500 was down 11%.

Interestingly, Eurekahedge says, fund of funds managers (-0.2%), on average, have now outperformed hedge fund managers for the first two months of 2009 after 12 months of consecutive underperformance for 2008.

Latin American funds were the only ones to finish the month with decent gains (0.7%), as managers in the region were afforded opportunities with the weakening of most regional currencies against the US dollar, among other things during the month.

Alex Akesson

Tags: 12 months, accredited-investors, american funds, amp, eurekahedge, funds-managers, hedge-fund-index, hedge-fund-managers, hedgeco, latin american, loss mitigation, outperformance, p500, palm-beach, redemption, redemptions, regional currencies