Introduction
Hedge funds were up 2.04% in October amid a reversal in the negative market sentiment and rallying equity markets. Managers investing in equities and high yield assets delivered the best performance during the month, with long/short equity funds witnessing their best month since May 2009. All regional mandates finished the month in positive territory with Asia ex-Japan funds leading the way with gains of 3.93%. However net asset flows remained slightly negative with net redemptions of US$4.6 billion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| October 2011 | US$ billion |
|---|---|
| Allocation (Inflows) | 18.53 |
| Redemption (Outflows) | -23.14 |
| Net Asset Flows | -4.61 |
| Positive Performance (Growth) | 18.34 |
| Negative Performance (Decline) | -18.24 |
| Total | 0.1 |
| Overall Total | -4.51 |
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