Hedge Funds Down 0.35% In March, Still Up For The Quarter: Eurekahedge

0
Hedge Funds Down 0.35% In March, Still Up For The Quarter: Eurekahedge

Hedge funds closed the first quarter on a sour note, losing 0.35% according to the Eurekahedge April report, but February gains were still enough that the Eurekahedge Hedge Fund Index was up 0.87% for 1Q14, beating the MSCI World index which was up 0.67% last quarter. Hedge fund managers posted $970 million in preliminary performance-based losses last month, compared to $26.8 billion in performance gains in February. Net asset inflows were still positive but down from February, $8.09 billion versus $31.4 billion.

Hedge fund: Long/short has most inflows, distressed debt has best returns in March

Long/short funds had their 16th straight month of net inflows and now have $704.6 billion in total assets under management (AUM), compared to the all-time high of $756 billion in December 2007 just ahead of the crisis and $2.07 trillion in total hedge fund AUM. Long/short funds had $400 million in performance-based losses last month, but many investors are still interested in the combination of exposure to equity markets and low correlation with major indexes that long-short funds can offer.

Massif Capital’s Top Short Bets In The Real Asset Space [Exclusive]