Home Breadcrumb caret Industry News Breadcrumb caret Industry Hedge funds up for fifth consecutive month Hedge funds registered their fifth consecutive month of gains since the start of the year, with the Eurekahedge Hedge Fund Index up 0.43% in May. By Staff | June 9, 2015 | Last updated on June 9, 2015 1 min read Hedge funds registered their fifth consecutive month of gains since the start of the year, with the Eurekahedge Hedge Fund Index up 0.43% in May, while the MSCI World Index gained 0.81% during the month. Here are some key takeaways for May. Hedge funds were up 4.37% May year-to-date with assets under management increasing by US$86.5 billion in the first five months of the year. The Eurekahedge Long/Short Equity Hedge Fund Index is up 7.17% May year-to-date, outstripping its total gains of 3.38% for 2014, as well as outperforming the MSCI AC World Index which is up 6.79% in the first five months of the year. Assets under management for Asian hedge funds hit their pre-2008 high, increasing by US$15 billion during the current year to reach the US$176 billion mark. Greater China mandated hedge funds lead the returns tables — up 25.21% for the year. CTA/managed futures funds posted their second consecutive month of losses, down 0.21% though they have seen net asset inflows of US$16.4 billion during the year. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo