Hedge fund returns were flat to slightly negative in April as most regions and strategies witnessed marginal movements during the month. As managers provided downturn protection amid declining markets globally, the Eurekahedge Hedge Fund Index was down 0.17%1and the MSCI World Index declined 1.62%2.
Total assets under management (AUM) increased by over US$11 billion in April, taking the size of the global hedge fund industry back above US$1.76 trillion. The sector attracted US$10 billion from investors during the month and most of this increase came from positive net asset flows as investors reallocated recently withdrawn capital. Managers also chalked up performance-based gains of US$1.3 billion during the month with most of the gains posted by some of the larger, globally investing hedge funds.