The April 2017 Eurekahedge Report has been released. Key highlights for March 2017 include:
• Hedge funds were up 0.34% in March with Q1 2017 gains coming in at 2.29%. Investor subscriptions have picked up pace since the start of the year, with net inflows coming in at US$26.1 billion.
• North American hedge fund industry AUM reached a US$1.53 trillion record high. As at 2017 year-to-date investor subscriptions stood at US$23.9 billion, with US$15.2 billion of performance-based gains recorded over the same period.
• The US$266.7 billion CTA/managed futures mandated hedge fund industry saw the highest net investor inflows of US$16.4 billion among strategic mandates for Q1 2017. Managers posted performance-based losses as of Q1 2017 totalling US$0.8 billion.
• AUM for long/short equities hedge fund managers grew by US$8.3 billion over Q1 2017 with strength led by performance-based gains of US$12.9 billion. Long/short equities hedge fund managers are up 3.82% over the first quarter of the year.
• Asian managers saw investor subscriptions of US$1.8 billion as of Q1 2017, with performance-based gains of US$3.1 billion. As of Q1 2017, Asia ex-Japan managers were up 5.73% with underlying Greater China and Indian managers up 2.88% and 4.18% respectively. Japan focused funds were up 1.66% over the same period.
• European managers gained 0.73% during the month, with year-to-date gains coming in at 2.11%. The US$508.7 billion European hedge fund industry was the only region to witness year-to-date investor redemptions of US$1.3 billion while performance-based gains of US$4.1 billion were recorded.
• Sub-billion dollar hedge funds recorded strong investor interest as of 2017 year-to-date, with net inflows totalling US$12.4 billion. Within sub-billion dollar hedge funds, mid-size funds managing between US$100 million and US$500 million have seen inflows of US$8.9 billion.