Introduction
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 |
|---|---|
| Allocation (Inflows) | 18.7 |
| Redemption (Outflows) | -6.1 |
| Net Asset Flows | 12.6 |
| Positive Performance (growth) | 10.6 |
| Negative Performance (decline) | -1.8 |
| Total | 8.8 |
| Overall Total | 21.4 |
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Footnote
1Based on 77.6% of the NAV for August 2009 as at 23 September 2009.
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