Asian hedge fund managers outperform global peers

Asia is where the major hedge fund returns were in 2013.

Asian hedge funds (excluding Japan) outperformed underlying markets and were up 13.47% in 2013, says fund firm Eurekahedge.

Overall assets under management in those funds grew by US$ 19.1 billion last year.

Greater China-focused hedge funds outperformed the Hang Seng Index by more than 16% in 2013, and Japanese hedge funds grew the most in the region, up 26.62%.

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European fund managers were up 8.79% in 2013 with net asset inflows for the year standing at US$62.4 billion, the highest level on record, while Latin America-focused managers have outperformed the MSCI EM Latin America Index by more than 9%.

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Total assets in the hedge fund industry rose to US$2.01 trillion, the highest level since June 2008. Net asset flows in 2013 were US$146.1 billion, with net allocations to North American managers standing at US$73.6 billion in December.

Distressed debt investing remained the best performing strategy in 2013, up 16.76% for the year, followed by long/short equities which saw gains of 14.87%.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.