Hedge funds gain for fifth consecutive month

Hedge funds posted their fifth consecutive month of gains, returning 0.54% in May, while the MSCI World Index was up 0.81%, according to Eurekahedge.

Additional findings:

• Hedge fund assets under management have increased by US$92 billion in the first five months of 2015, with one-third of this increase coming from new investor allocations. Total industry AUM stands at a record high of US$2.23 trillion.
• Asia ex-Japan investing funds have delivered the best 2015 year-to-date returns globally, returning 15.0% and have grown their asset base by US$15.4 billion since the start of the year. This brings the region’s current AUM to a record high of US$159.8 billion.
• European hedge funds are up 5.54% year-to-date, following dismal gains of 0.56% in 2014. Total AUM increased by US$20.1 billion since the start of the year, helped by US$7.4 billion in new investor allocations.
• Long/short equities hedge funds performed the best for May and 2015 year-to-date across all strategic mandates, reporting 1.47% and 7.31% respectively.
• North American managers lead in terms of year-to-date net investor inflows recording US$17.5 billion in new allocations, about half the level seen for the same period last year.

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