Introduction
After a month of negative returns and asset flows, hedge funds rebounded in February to bring the assets under management back to US$1.48 trillion. Managers attracted capital during the month with net inflows of US$4.33 billion while asset growth due to performance stood at US$2.46 billion. Managers skilfully navigated the mid-month reversals in market themes while underlying markets ended the month in positive territory – the Eurekahedge Global Hedge Fund Index posted gains of 0.59% and the MSCI World Index was up 1.23% in February.
Highlights of hedge fund performance and asset flows for the month are as follows:
| February 2010 | US$ billion |
|---|---|
| Allocation (Inflows) | 17.97 |
| Redemption (Outflows) | -13.64 |
| Net Asset Flows | 4.33 |
| Positive Performance (Growth) | 4.15 |
| Negative Performance (Decline) | -1.69 |
| Total | 2.46 |
| Overall Total | 6.79 |
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