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: