Hedge funds outperformed underlying markets in April with a -0.17% return and witnessed strong net flows of US$10.41 billion from investors. Total inflows amounted to US$28.13 billion while client redemptions added to US$17.72 billion. The MSCI World Index dropped 1.62% on the back of rising eurozone sovereign yields, weak US economic data and slow Chinese growth. Managers added US$1.34 billion through performance with Latin American focused and relative value mandates delivering the highest returns. Total assets under management rose back above the US$1.76 trillion mark primarily due to asset gains seen in long/short equity and North American funds.
Highlights of hedge fund performance and asset flows for the month are as follows:
| April 2012 | US$ billion |
| Allocation (Inflows) |
28.13
|
| Redemption (Outflows) |
-17.72
|
| Net Asset Flows |
10.41
|
| Positive Performance (Growth) |
2.35
|
| Negative Performance (Decline) |
-1.02
|
| Total |
1.34
|
| Overall Total |
11.75
|
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