Asset Flows Update For the Month of March 2013

April 2013

Introduction Hedge funds posted positive returns in March amid mixed returns in global markets. The Eurekahedge Hedge Fund Index 1 was up 0.69% during the month as some risk aversion returned to the markets due to developments in Europe. 2 Comparatively the MSCI World Index gained 1.76% during the month. Total assets under management (AUM) increased by US$9.2 billion during the month, bringing the size of the industry to US$1.83 trillion. Performance-based growth accounted for most of this increase as managers posted gains of US$7 billion over the course of the month. The industry also attracted capital from investors for the third consecutive month with positive net asset flows of US$2.2 billion. Figure 1: Summary monthly asset flow data since January 2011

1800

40

Total assets in US$ billion

20

1600

(20)

1400 Jan-11 Jun-11 Nov-11 Apr-12 Sep-12 Feb-13 Performance-based growth Source: Eurekahedge Net asset flows

(40) Total assets

Key highlights for March 2013: 1Q 2013 witnessed positive asset flows of US$20 billion with hedge funds attracting assets in all three months North American hedge funds hit highest AUM on record with total assets standing at US$1.25 trillion Japanese hedge funds witnessed the strongest quarter on record, up 10.78% in 1Q 2013

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1 2

Based on 51.11% of funds which have reported March 2013 returns as at 12 April 2013 The MSCI AC World Index All Core USD

THE EUREK AHE DGE REP ORT AP RI L 2013

Asset flow in US$ billion