Hedge funds witnessed another month of positive returns in April amid mixed returns in global markets. The Eurekahedge Hedge Fund Index was up 0.87%1 during the month, witnessing some trend reversals in the underlying markets. The MSCI World Index gained 2.02%2during the month.
Total assets under management (AUM) increased by nearly US$20 billion during April, bringing the size of the industry to US$1.87 trillion, the highest level since the financial crisis. Most of the increase in assets was registered through performance as the managers gained US$12.7 billion. The sector also witnessed strong asset flows of US$7.1 billion.