Hedge funds are on a winning streak, posting positive returns every month in 2015. Assets under management touched a new high of $2.2 trillion.
The dollar performance gains in the first quarter were huge, $59.5 billion, the best first quarter since 2006, Eureka headge reported via ValueWalk. In April, hedge funds rose 0.99%. But they underperformed: The MSCI World index rose 1.25% in April.
Asia ex-Japan managers were the top performers, with 8.26% in gains for the month and 13.41% through April. Those with a Greater China mandate did the best, with the CI 300 Index gaining 17.85% last month.
European and Japanese funds had returns of 4.78% and 3.18% in the first four months, respectively. North American funds returned 2.38% and Latin America 2.34%.
Photo: Dennis Jarvis via Flickr.