The size of the global hedge fund has reached $ 2.25 trillion

Stable capital inflows and capital growth in the global hedge fund performance brought the size of the market in the fourth quarter of 2012, up $ 60 billion, the entire size of the market reached a historic $ 2.25 trillion as of the end of last year.

Global Hedge Fund Index, research and analysis agencies HFRI in the global hedge fund market report released last Saturday, the fourth quarter, the HFRI Fund weight composite index rose 1.3 percent, better than the stock market performance over the same period, 6.2% of the 2012 annual results, the global investment people will continue to put money into the hedge fund market in the fourth quarter inflow of funds into the hedge fund industry amount to $ 3.4 billion net inflow of $ 34.4 billion the year.

Contrarian rise in fourth quarter

Although the European banking sector, the sovereign debt crisis and U.S. fiscal cliff, the debt ceiling adjustment of political and economic uncertainty and challenges remain shrouded in financial markets, the report pointed out that the rise is due to the fixed income assets of global hedge funds in the fourth quarter of contrarian based relative value arbitrage strategies.

HFRI relative value arbitrage index rose 10.5% in 2012, from 48 months of the financial crisis in December 2008, the strategy has been a continuous 41 months continuous performance is positive, investors in the fourth quarter of last year invested a total of $ 6.5 billion in new capital to the relative value of the strategy, the entire inflow of $ 41.4 billion for the year. These capital inflows so that the relative value scale capital arbitrage strategies hedging strategies of the four strategies of hedge funds since 1991 to reach $ 609 billion, the first time in more than stock size.

In contrast, the equity hedge strategy in a volatile environment performance rectify the fourth quarter, investors from stock hedging strategies still withdraw $ 1.2 billion, the annual total redemption of $ 10.4 billion, as of the end of 2012 the stock hedging strategies The total capital declined to $ 598 billion. Event-driven strategy despite a good performance, performance rose 3.22%, but the same was the withdrawal of investor funds, the total annual outflow of $ 6.6 billion. Macro hedging strategy fund performance decline in 2012, but received by the market, has not diminished, the net inflow of $ 10.3 billion in annual funds to reach $ 488 billion as of 2012.

"More and more investors prefer transferred from the fuzzy, illiquid stock Beta Strategy to provide transparency, liquidity, the rise of high-quality flexible strategies and institutional risk management and continuous performance strategy." The HFRI president Ken Nice of * He Yinzi (Kenneth J. Heinz) said, this year, the growing size of the hedge fund market will continue to attract global investors, a transparent long and short strategy portfolio will be more vulnerable welcome.