Hedge funds delivered positive performance in November, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 0.42%1 while the MSCI World Index gained 1.05%2 over the month. Total assets under management were up by US$7.68 billion during November, of which US$5.85 billion were added through net positive asset flows and the remaining US$1.82 billion through performance-based gains. The total size of the industry now stands at US$1.77 trillion.
Highlights of hedge fund performance and asset flows for the month are as follows: