June 21, 2011 / 10:14 AM / 6 years ago

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

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below