Introduction
Hedge funds delivered positive performance in December, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 1.46%1 while the MSCI World Index gained 2.22%2 over the month. Total assets under management were up by US$1.4 billion during December – the sector added performance-based gains of US$9.9 billion while witnessing net negative asset flows of US$8.5 billion. The total size of the industry now stands at US$1.77 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| December 2012 | US$ billion |
|---|---|
| Allocation (Inflows) | 26.18 |
| Redemption (Outflows) | -34.72 |
| Net Asset Flows | -8.54 |
| Positive Performance (Growth) | 11.19 |
| Negative Performance (Decline) | -1.26 |
| Total | 9.94 |
| Overall Total | 1.4 |
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Footnote
1Based on 73.80% of funds which have reported December 2012 returns as at 18 January 2013
2MSCI AC World Index All Core USD
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