The September 2016 Eurekahedge Report finds that, over August, hedge funds witnessed their fourth consecutive month of outflows with investor redemptions totalling USD23.8 billion during this period.
However, total hedge fund assets have grown by USD17.6 billion over the past eight months with the industry's total assets currently standing at USD2.26 trillion, the firm says. Eurekahedge writes that the USD800 billion long/short equity hedge fund space has seen investor redemptions of USD19.5 billion over four consecutive months ending August. The Eurekahedge Long/Short Equity Hedge Fund Index is up 1.50 per cent for the year.
The USD1.5 trillion North American hedge fund industry has recorded performance-based gains of USD19.3 billion over the past three months while seeing net investor redemptions of USD8.6 billion simultaneously, says the firm. Among developed market mandates, North American managers lead up 4.54 per cent for the year.
Eurekahedge reports that redemptions have been picking up pace in the USD531.1 billion European hedge fund industry which saw four consecutive months of outflows totalling USD13.7 billion in the period ending August. The Eurekahedge European Hedge Fund Index is down 0.95 per cent for the year.
Within Asia Pacific, Japan dedicated strategies have been the worst performing, down 4.51 per cent while India dedicated mandates have posted the best returns up 7.02 per cent for the year. Broad Asia ex-Japan mandates are up a modest 1.54 per cent with dedicated Greater China mandates down 2.28 per cent for the year.
The USD252 billion CTA/managed futures hedge fund industry recorded the strongest interest from investors this year, seeing USD12.0 billion inflows as of August 2016 year-to-date. The Eurekahedge CTA/Managed Futures Hedge Fund Index is up 1.98 per cent year-to-date with its sub-group of commodity-focused strategies gaining 7.99 per cent while trend following strategies are up 2.34 per cent.
Singapore-based Asian hedge funds led the table up 2.08 per cent while Japan and Hong Kong based Asian hedge funds are in the red among key Asian hedge fund centres, down 2.50 per cent and 2.27 per cent respectively for the year.
