The Eurekahedge Hedge Fund Index rose 1.21% in August, bringing its YTD returns to 13.2%. Managers attracted capital for the fourth consecutive month, with net inflows of US$12.6 billion in August and assets up nearly US$100 billion since their April-2009 lows, currently standing at US$1.38 trillion. We expect the industry’s assets to hit US$1.5 trillion by the year-end, with performance being positive (or flat at worst), on average, for the rest of the year irrespective of how the underlying markets fare.
|August 2009||US$ billion|
|Net Asset Flows||12.6|
|Positive Performance (growth)||10.6|
|Negative Performance (decline)||-1.8|
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1Based on 77.6% of the NAV for August 2009 as at 23 September 2009.
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