Hedge funds up by 1.73%; positive returns for 10 consecutive months

Hedge funds were up 1.73% in April making it ten consecutive months of positive returns for the industry. Managers handled the mid-month volatility skillfully to post strong returns for the month. Trend-following strategies were the most successful as the markets' movements were positive at the start of the month and ended with a sharp upturn. The MSCI AC World Index was up 1.84%1 during the month.

Highlights for April:

• Hedge funds up for the 10th consecutive month, gaining 1.73% in April and 2.99% YTD
   
• Early reporting funds indicate strong inflows for April reaching almost $10bn.
   
• Net flows in the first four months now exceed total net flows for whole of 2010 ($73.2bn April 2011 YTD vs. $66bn in 2010).
   
• CTA/managed futures funds gain 3.73% in April, AUM reaches new record high of $213.6 billion.
   
• Large hedge funds outperforming smaller hedge funds in 2011.

To read more, please see the full Eurekahedge Index Flash, also accessible on Scribd and Issuu.