May marked another month of positive performance-based asset growth and minimal redemptions among hedge funds, as the composite Eurekahedge Hedge Fund Index rose 2%1 on the month. This brings the net increase in total hedge fund assets (estimated at US$1.66 trillion as at end May 2008) to US$4 billion for May and US$12.8 billion for 2008, year-to-date. The month’s performance was relatively optimistic in spite of persistent inflation concerns weighing on the markets and investor sentiment.
