Asset Flows Update


Hedge fund returns were up for the second consecutive month in October amid trend reversals in the underlying markets. The Eurekahedge Hedge Fund Index was up 1.41%1 during the month, bringing its year-to-date return to 5.84%. The MSCI World Index gained 3.75%2 during the month.

Total assets under management (AUM) increased by US$19.7 billion during the month, bringing the size of the industry to US$1.97 trillion. Most of the positive impact on total assets in October came from performance as managers gained US$18.6 billion over the course of the month. The industry also witnessed net positive asset flows of US$1.2 billion.

Figure 1: Summary monthly asset flow data since January 2011

Key highlights for October 2013:

  • Hedge funds raised US$100 billion through asset flows in 2013 as at October year-to-date
  • Total assets in the hedge fund industry reached new record high of US$1.97 trillion
  • Assets in Greater China focused funds reached US$12.9 billion, the highest level on record
  • Asia ex-Japan hedge funds have outperformed the underlying markets by more than 5% October year-to-date
  • Japanese hedge funds remained ahead of other regions, up 22.98% as at end-October 2013
  • Greater China focused hedge funds up 13.77% October year-to-date
  • Distressed debt hedge funds up 13.02% October year-to-date

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1Based on 44.58% of funds which have reported October 2013 returns as at 13 November 2013

2 The MSCI AC World Index All Core (Local)