Introduction
Hedge funds ended their ten month winning run in May, as the Eurekahedge Hedge Fund Index lost 1.24%1 during the month. Most regional hedge funds ended the month with negative returns while Latin American managers delivered gains of 0.42%. Despite the high volatility, managers across the regions were able to outperform the underlying markets and deliver significant downside protection. The industry attracted $8.14 billion in net asset flows while performance based losses were $13.13 billion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| May 2011 | US$ billion |
|---|---|
| Allocation (Inflows) | 28.79 |
| Redemption (Outflows) | -20.65 |
| Net Asset Flows | 8.14 |
| Positive Performance (Growth) | 15.75 |
| Negative Performance (Decline) | -28.88 |
| Total | -13.13 |
| Overall Total | -4.99 |
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Footnote
1Based on 75.73% of funds which have reported May 2011 returns as at 19 June 2011 .
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