Hedge funds are up 2.45% for the year, with the total AUM growing by US$110.7 billion in 2015, notes a Eurekahedge report.
US$71.2 billion of the gain in assets are attributed to investor inflows and US$39.6 billion to performance-driven gains. This compares with an AUM growth of US$121 billion in 2014, where investor allocations stood at US$34.8 billion while performance-driven gains came in at US$86.2 billion.
Here are some additional findings.
- Almost 58% of hedge fund managers have posted positive returns in 2015, their lowest on record since 2011. Around 20% of the managers have posted gains in excess of 8% this year while around 15% of the managers have reported losses exceeding 8%.
- Asia-ex-Japan investing funds have delivered the best returns globally and are up 7.07% for the year. Assets managed by Asia-ex-Japan grew by US$9.6 billion as of 2015 year-to-date with US$4.7 billion attributed to investor inflows and US$4.9 billion attributed to performance-driven gains. Within the region, Greater China mandated hedge funds are up 9.45%, outperforming the CSI 300 Index by 8.52%.
- North American hedge funds have seen their assets grow by US$60.6 billion since the start of the year, with about 60% of the gain in assets attributed to investor inflows. However, performance has been lukewarm with North American mandated funds up 0.72% year-to-date – on track to post their worst returns since 2008.
- On a year-to-date basis, CTA/managed futures hedge funds have grown their asset base by 18%, recording their highest level of investor inflows on record since 2006 with net investor allocations worth US$27.8 billion. Total AUM for CTA/managed futures funds stand at US$241.1 billion, the highest level on record.
- Average performance and management fees charged by new launches in Europe this year stand at historic lows, with average performance fees declining to 13.91% while average management fees are down to 1.16%.