Hedge funds fell for the fourth consecutive month in September, down 0.58%. However, that’s still outperforming underlying markets represented by the MSCI AC World Index All Core, which declined 3.60% during the month, according to the Eurekahedge Report.
Here are some highlights from the report.
- Hedge fund assets under management increased by US$91.0 billion in the first nine months of 2015, with US$69.0 billion of investor inflows accounting for more than half of this gain.
- On a year-to-date basis, hedge funds are up 0.62%, which compares with a gain of 3.85% seen over the same period last year. Also, 42% of the hedge funds reporting to Eurekahedge have posted negative year-to-date returns, almost 13% higher compared to the same period last year.
- Asia ex-Japan was the best performing regional mandate during the month — up 0.67%, with Greater China mandated hedge funds gaining 1.26% over the same period.
- North American hedge funds post their fourth consecutive month of losses bringing their year-to-date returns into negative territory, down 1.31%.
- CTA/managed futures, long/short equity and multi-strategy hedge funds lead in terms of investor inflows recording US$27.5 billion, US$23.1 billion and US$15.81 billion respectively as of September 2015 year-to-date.
- Among developed market mandates, Australia/New Zealand, Japan and Europe mandated hedge funds lead with gains of 7.37%, 3.42% and 3.17% respectively as of 2015 year-to-date.