Hedge funds gather net $8.1 billion in May: Eurekahedge
TOKYO (Reuters) - Hedge funds gathered a net $8.1 billion in May, recording their sixth consecutive month of positive flows, a research report from industry tracker Eurekahedge showed on Tuesday.
Net flows for the first five months of 2011 stood at $113.8 billion.
The industry's total assets fell marginally to $1.82 trillion after a 1.24 percent loss in portfolios as fears of slower economic growth and the eurozone sovereign debt crisis led to a 2.52 percent drop in the MSCI World Index, the Singapore-based firm said.
Asian hedge funds received net inflows worth $1.6 billion in May, taking their total assets under management to $134.3 billion. Assets managed by Japanese hedge funds rose to $16 billion for the first time since late 2008.
(Reporting by Nishant Kumar; Editing by Chris Lewis)
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