The survey of close to 90 firms with around US$375 billion in assets found around half of fund managers allocate between 5% and 9.9% of their total expenditure on meeting regulatory requirements, with a further 16% spending more than 10% of total costs. The findings are consistent with surveys that AIMA has conducted globally.
The benchmark Eurekahedge Hedge Fund Index was up 0.33% in May, while the MSCI World Index was up 1.09% over the month. Total assets under management increased by US$11.0 billion during the month – the sector witnessed performance based increase of US$6.0 billion while registering net asset inflows of US$5.0 billion. The total size of the industry now stands at US$2.30 trillion.
The Eurekahedge Hedge Fund Index was up 0.33% in May while underlying markets as represented by the MSCI World Index gained 1.09% over the same period. Among regional mandates, Japanese managers led the table, up 1.58% during the month followed by Asia ex-Japan managers who were up 0.93%. Across strategies, event driven hedge funds led the table with gains of 0.71% followed by long/short equities hedge funds with gains of 0.49%.
Hedge funds posted their fifth consecutive month of gains this year, up 0.33% during the month of May. Meanwhile, underlying markets, as represented by the MSCI AC World Index (Local) which were up 1.09% over the same period. Equity markets performed well this month with strength led by developed markets.
Since 2013, a new breed of actively managed crypto-currency alternative funds has been coming to the fore. Initially starting off with dedicated exposure to bitcoins, these funds have now diversified across the breadth of crypto-currencies and consistently rank at the top of performance tables thanks to the skyrocketing price of crypto-currencies over the past few years.
The Eurekahedge Latin American Hedge Fund Index was up 7.10% in April year-to-date underperforming underlying markets as represented by the MSCI Latin American Index which were up 8.03% over the same period. The strength of Latin American hedge fund industry has been well-supported by the recovery of commodity prices during the first four months of the year, with the Ibovespa Index up a modest of 0.65%.
Eurekahedge’s Latin American hedge funds infographic sums up the industry as at June 2017. Find out more about Latin American hedge funds' assets under management (AUM), asset flows into strategic and regional mandates, strategy returns, fund size and geographic AUM, head office locations and the best and worst performances of the year.
Daniel Ryf is the CEO of GL Asset Management AG, headquartered in Zurich, Switzerland. He joined GL AM in November 2015. His career spans over 25 years and he has held senior management roles within the Financial Services industry such as in International Wealth & Asset Management for (U)HNWIs, Life and Non-Life Insurance, Business Development, Distribution and Operational Excellence Six Sigma for financial institutions such as Credit Suisse Group, Julius Baer & Co., and Axa-Winterthur amongst others. Daniel has acquired an extensive experience and deep know-how in the investment side across asset classes, wealth & asset management, wealth planning and structuring as well as on operational excellence. Daniel holds an Executive MBA in Finance from the University of Rochester, USA and University of Berne as well as a Bachelor in Business Administration, Economics and Finance from University of Applied Sciences in Zurich, Switzerland. In addition, he is also a Certified Six Sigma expert a