Asset Flows Update

Hedge funds posted marginally positive returns in May amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.32%1 during the month as some risk aversion returned to the markets leading to mid-month trend reversals. The MSCI World Index was down by 0.45%2during the month.

Total assets under management (AUM) increased by US$3.1 billion during May, bringing the size of the industry to US$1.88 trillion. Impact of performance on total assets was slightly negative in May as managers lost US$1.5 billion over the course of the month. On the other hand net flows were positive for the fifth month running with US$4.6 billion in net allocations.

Figure 1: Summary monthly asset flow data since January 2011


Key highlights for May 2013:

  • Hedge funds witnessed 5th consecutive month of net allocations & 7th consecutive month of positive returns – up 4% May year-to-date
  • Total asset flows for 2013 currently stand at US$56.9 billion
  • Asia ex-Japan hedge funds outperformed underlying markets for three consecutive months

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1Based on 58.40% of funds which have reported May 2013 returns as at 14 June 2013
2 The MSCI AC World Index All Core – USD