The global hedge fund industry witnessed its first net inflow of US$11.3 billion in 10 months and the largest amount of capital appreciation from performance (US$19 billion) in a year, for total growth of US$30.3 billion. The Eurekahedge Hedge Fund Index was up 5.4%¹ in May, registering its best monthly return in almost a decade.

Highlights of hedge fund performance and asset flows for the month are as follows:

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Footnote

¹Based on 55% of the funds reporting their May 2009 returns as at 15 June 2009.