Introduction
Hedge funds were up 3.01%1 in December as the underlying markets trended upwards in a year-end rally. The sector witnessed performance-based growth of US$25.98 billion in December while also gaining US$8.11 billion through net positive asset flows. All regional and strategic mandates posted positive returns for the month as well as for 2010 – a quick glance at the list of top 12 best performing billion dollar hedge funds of 2010 (Pg 12) displays a healthy mix of strategies and regions. The Eurekahedge Hedge Fund Index closed the year with a double-digit growth of 10.93%, ahead of global markets by 3.10% – the MSCI World Index was up 7.83% in 2010.
Highlights of hedge fund performance and asset flows for the month are as follows:
| December 2010 | US$ billion |
|---|---|
| Allocation (Inflows) | 18.17 |
| Redemption (Outflows) | -10.05 |
| Net Asset Flows | 8.11 |
| Positive Performance (Growth) | 27.67 |
| Negative Performance (Decline) | -1.69 |
| Total | 25.98 |
| Overall Total | 34.09 |
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Footnote
1Based on 58.32% of the funds reporting their NAV for December 2010 as of 14 January 2011.
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