Hedge funds witnessed a flat to marginally negative performance in October, amid falling equity markets, trend reversals in various sectors and increasing risk aversion among investors. The benchmark Eurekahedge Hedge Fund Index was down 0.19%1 while the MSCI World Index dropped by 0.76%2 over the month. Total assets under management (AUM) declined by US$11.47 billion during October, of which US$5.8 billion were attributed to performance and the remaining US$5.68 billion due to net outflows - bringing the total size of the industry to US$1.76 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| October 2012 | US$ billion |
|---|---|
| Allocation (Inflows) | 11.04 |
| Redemption (Outflows) | -16.72 |
| Net Asset Flows | -5.68 |
| Positive Performance (Growth) | 26.65 |
| Negative Performance (Decline) | -32.44 |
| Total | -5.8 |
| Overall Total | -11.47 |
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