The May 2017 Eurekahedge Report has been released. Key highlights for April 2017 include:
– Hedge funds were up 0.64% in April with 2017 year-to-date gains coming in at 3.00%. Investor appetite for hedge funds has picked up pace since the start of the year, with net inflows of US$34.8 billion.
– AUM for the North American hedge fund industry has reached a record high of US$1.54 trillion as of April 2017. Investor subscriptions for 2017 year-to-date stood at US$29.5 billion, with US$18.4 billion of performance-based gains recorded over the same period of time.
– The US$260.6 billion CTA/managed futures mandated hedge fund industry saw the highest net investor inflows US$11.3 billion among strategic mandates for 2017. The top 25 best performing CTA managers with a combined AUM of US$30 billion were up 4.04%for the year.
– AUM for long/short equities hedge fund managers grew by US$19.8 billion over the year with strength led by performance-driven gains of US$17.1 billion. Long/short equities hedge fund managers are up 4.81% for the year.
– Asian managers saw investor subscriptions of US$1.6 billion in 2017 year-to-date, with performance-based gains of US$4.1 billion. As of 2017 year-to-date, Asia ex-Japan managers were up 7.12% with underlying Greater China and Indian managers up 8.73% and 13.89% respectively. Japan focused funds were up 2.04% over the same period.
– European managers gained 1.10% during the month, with year-to-date gains coming in at 3.41%. The US$512.4 billion European hedge fund industry grew by US$6.5 billion as of April 2017 year-to-date.
– Sub-billion dollar hedge funds recorded strong investor interest as of 2017 year-to-date, with net inflows totaling US$16.5 billion. Within sub-billion dollar hedge funds, mid-size funds managing between US$100 million and US$500 million have seen inflows of US$12.2 billion.