Introduction
October marked a strong start to the fourth quarter as hedge funds registered their fourth consecutive month of positive results. The Eurekahedge Hedge Fund Index posted a 2.27%1 gain in October, with all regional and strategic mandates in the black. Managers also witnessed net inflows of US$10.2 billion in the month, increasing the total year-to-date net flows into the industry to $61 billion. Additionally, hedge funds added $17.95 billion through performance-based gains, bringing the size of the industry to US$1.63 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| October 2010 | US$ billion |
|---|---|
| Allocation (Inflows) | 21.29 |
| Redemption (Outflows) | -11.12 |
| Net Asset Flows | 10.17 |
| Positive Performance (Growth) | 18.96 |
| Negative Performance (Decline) | -1.01 |
| Total | 17.95 |
| Overall Total | 28.13 |
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Footnote
1Based on 59.48% of the NAV for October 2010 as of 14 November 2010.
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