Hedge funds posted positive returns in April, amid divergent trends in global markets. The benchmark Eurekahedge Hedge Fund index was up 0.87%1 while the MSCI World Index was up 2.02%2 over the month. Total assets under management were up by US$19.87 billion during April – the sector witnessed net positive asset flows of US$7.13 billion while witnessing profits of US$12.75 billion through performance-based gains. The total size of the industry now stands at US$1.87 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows: