Hedge funds recorded the tenth consecutive month of positive returns in April as the Eurekahedge Hedge Fund Index gained 1.58%%1. Most regional hedge funds ended the month with positive returns while Japanese managers delivered downside protection and outperformed their underlying market indices. The industry attracted $28.33 billion in net asset flows while performance based growth was $23.97 billion. Total assets under management increased by US$52.30 billion to cross the US$1.8 trillion mark by the end of April.
Highlights of hedge fund performance and asset flows for the month are as follows: