Asian hedge funds return 4.1% in April

Date: Friday, May 22, 2009
Author: HedgeFunds Review

Asian hedge funds rose 4.08% on average from a month ago and gained a second consecutive month of returns in April, according to Eurekahedge.

This brought gains in Asian hedge funds to 4.16% in the four months to April 30. The positive returns in April and March followed monthly losses in January and February.

Asian hedge funds performed better than their counterparts in North America which returned 3.62% and Europe which returned 3.79% in April.

Eurekahedge said hedge funds globally saw net outflows of $25.1 billion in April, leaving the industry with assets of around $1.3 trillion.