Introduction
The benchmark Eurekahedge Hedge Fund Index was up 1.41%1 in October, lagging behind the MSCI World Index2 which gained 3.75% over the month. Total assets under management increased by US$19.71 billion during the month and the sector witnessed net positive asset flows of US$1.16 billion, while also registering performance-based gains of US$18.55 billion. The total size of the industry now stands at US$1.97 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows:
| October 2013 | US$ billion |
|---|---|
| Allocation (Inflows) | 12.21 |
| Redemption (Outflows) | -11.05 |
| Net Asset Flows | 1.16 |
| Positive Performance (Growth) | 19.54 |
| Negative Performance (Decline) | -0.99 |
| Total | 18.55 |
| Overall Total | 19.71 |
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Footnote
1Based on 44.58% of funds which have reported Oct-2013 returns as at 13-Nov-2013
2MSCI AC World Index (Local)
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