The Eurekahedge Hedge Fund Index rose 2.35 per cent in January 2019, recording its strongest January performance since 2006 as fund managers recovered from the losses sustained during the last few months of 2018.
The index ended 2018 with its weakest yearly showing since the global financial crisis, as it slumped 4.16 per cent.
Despite the strong performance of the hedge fund industry, preliminary data for January revealed that investor redemptions stood at USD5.3 billion, in contrast to the USD22.1 billion performance-driven growth recorded. Total asset under management for the global hedge fund industry stood at USD2,309.2 billion as of January 2019.
