Introduction
Hedge funds rebounded 1.10%1 in July after four months of negative returns, outperforming underlying markets by a small margin as the MSCI World Index returned 1.05%2 over the month. Most regional and strategic mandates witnessed net gains by the end of July in part due to strong rallies in the commodities and fixed income sectors. Managers added US$14.75 billion to their books through performance while investors withdrew a net US$4.19 billion from hedge funds bringing the size of the industry to US$1.74 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
July 2012 | US$ billion |
---|---|
Allocation (Inflows) | 12.03 |
Redemption (Outflows) | -16.22 |
Net Asset Flows | -4.19 |
Positive Performance (Growth) | 16.89 |
Negative Performance (Decline) | -2.14 |
Total | 14.75 |
Overall Total | 10.56 |
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Footnote
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