Asia ex-Japan hedge fund managers performed the best during the month of May, returning 1.60%, supported by encouraging news out of China and India, according to the latest report from hedge fund research firm Eurekahedge.
As a comparison, European hedge funds returned 1.31%, North America funds were up 1.15%, and Latin American funds gained 1.24% in May.
Globally, hedge funds are up 1.88% year-to-date, with current total assets of the global hedge fund industry at a record high of US$2.1 trillion.
Since January 2013, investors have allocated US$200 billion of new capital to hedge funds.
In terms of strategy, long-short equities funds record their 18th consecutive month of positive net asset flows with net capital allocations at US$50.7 billion year-to-date.