Hedge funds delivered positive performance in November, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 0.42%1 while the MSCI World Index gained 1.05%2 over the month. Total assets under management were up by US$7.68 billion during November, of which US$5.85 billion were added through net positive asset flows and the remaining US$1.82 billion through performance-based gains. The total size of the industry now stands at US$1.77 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
November 2012 | US$ billion |
---|---|
Allocation (Inflows) | 33.41 |
Redemption (Outflows) | -27.56 |
Net Asset Flows | -5.85 |
Positive Performance (Growth) | 9.92 |
Negative Performance (Decline) | -8.1 |
Total | 1.82 |
Overall Total | 7.68 |
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