Hedge funds in July bounced into recovery, gaining 0.27%, according to Eurekahedge Report. However, hedge funds still underperformed underlying markets, as the MSCI World Index gained 1.34%.
Here are some key highlights.
- Hedge fund AUM increased by US$106.0 billion in the first seven months of 2015, driven by strong investor inflows totalling US$54.1 billion and roughly US$52 billion coming from performance-based gains.
- The CBOE Eurekahedge Relative Value Volatility Hedge Fund Index is up 5.12% year-to-date, coming in second place among all hedge fund strategic mandates. Relative value volatility funds have shown great consistency posting annualised returns of 10.33% at a low annualised standard deviation of only 3.75% since 2005.
- Asia ex-Japan hedge funds lost 2.60%, as funds with Greater China exposure were among the hardest hit, down 8.49%.
- CTA/managed futures funds have grown their asset base by 16% in 2015, largely on the back of strong capital inflows totalling US$25.6 billion.
- Multi-strategy funds have grown their asset base by 9.25% in 2015 to reach US$362.4 billion, with new investor inflows accounting for over half of this gain.
- North American managers have grown their asset base by US$63.4 billion and are up 3.01% year-to-date.