In the Eurekahedge Fund of Hedge Funds Survey, which looks in detail at where capital is being allocated in the industry, hedge fund assets increased by $52.3 billion in April with net positive asset flows of $28.3 billion.
According to the same report, hedge funds saw the tenth consecutive month of positive returns, gaining 13.48% over this period, bringing Total industry assets cross $1.81 trillion for the first time since the financial crisis.
Net flows in the first four months now exceed total net flows for whole of 2010 ($93.9bn April 2011 YTD vs. $66bn in 2010) while CTA/managed futures funds are up 3.12% in April.Funds of hedge funds also saw a positive set of numbers with the first quarter of net positive asset flows since 1Q 2008.
Asian hedge funds witnessed twelve consecutive months of net positive asset flows, while 43% of FoHFs investors are planning to increase allocations to event driven strategies over the next 3 months and 34% are planning to increase their exposure to Asia ex-Japan strategies.Long/short equity funds have attracted $30.7 billion April YTD and the report also revealed that launch activity remains strong with more than 200 funds launched so far in the year.
(LB)