Introduction
Hedge funds outperformed the underlying markets in November by posting positive returns of 0.40%1 , amid volatile market conditions and falling risk appetites. All regional mandates ended the month with flat to positive returns as the Eurekahedge Hedge Funds Index witnessed the fifth consecutive month of back-to-back positive returns. The Eurekahedge Hedge Fund Index is up 7.72% YTD November, leading the MSCI World Index by 5.57%. The sector witnessed performance-based losses US$2.36 billion while asset flows were flat to slightly negative.
Highlights of hedge fund performance and asset flows for the month are as follows:
| November 2010 | US$ billion |
|---|---|
| Allocation (Inflows) | 24.76 |
| Redemption (Outflows) | -24.96 |
| Net Asset Flows | -0.19 |
| Positive Performance (Growth) | 6.05 |
| Negative Performance (Decline) | -8.41 |
| Total | -2.36 |
| Overall Total | -2.55 |
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Footnote
1Based on 64.51% of funds which have reported November 2010 as of 15 December 2010.
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