Net flows in the first four months of 2011 exceeded total net flows for the whole of 2010, with $73.2 billion by the end of April this year versus $66 billion in all of 2010, according to Eurekahedge.
Hedge funds were up 1.73% in April, making it ten consecutive months of positive returns for the industry with year-to-date returns of 2.99%, the hedge fund research house says.
Trend-following strategies were the most successful in April as the markets’ movements were positive at the start of the month and ended with a sharp upturn, Eurekahedge says. The MSCI AC World Index was up 1.84% during the month.
The firms says early-reporting funds indicated strong inflows for April reaching almost $10 billion. CTA/managed futures funds gained 3.73%, while AuM reached a new record high of $213.6 billion.
Large hedge funds have outperformed smaller hedge funds in 2011, Eurekahedge says.
(CG)