News: Eurekahedge Hedge Fund Index up 3.79% in Aug

Global hedge funds recorded their best five-month performance of 12.85% in August after they suffered from their worst quarterly performance of 8.02% in Q1 2020. In terms of year-to-date return, the Eurekahedge Hedge Fund Index was up 3.79%, with around 22.5% of hedge funds managers posting double-digit returns over the first eight months of the year. Assets under management for the global hedge funds industry have rebounded, increasing by US$142.8 billion over the five-month period ending August 2020. This has come from performance-driven gains of US$122.5 billion and net investor flows of US$20.3 billion. This marks a sharp recovery following US$264.1 billion asset decline in Q1 2020.