Hedge Funds See Third Straight Month Of Growth In Nov

By ExpatBriefing.com Editorial 17 December, 2013

Hedge funds delivered positive returns for the third consecutive month in November 2013, according to the Eurekahedge Hedge Fund Index released on December 09, 2013.

The index was up 1.37 percent last month, slightly higher than the MSCI World Index, which grew 1.27 percent in the same period, according to a press release from Eurekahedge.

Total assets in the hedge fund industry are now at a record of USD1.97 trillion, surpassing the previous record of USD1.95 trillion in June 2008. Net asset flows for the year reached USD122.2bn, with net allocations to North American managers standing at USD64bn in the year-to-date.

The best performing region according to the index was Japan, where hedge funds were up 24 percent as of the end of November. Meanwhile, the best performing strategy was distressed debt investing, which was up 14.81 percent in the year to date.

European fund managers were up 7.41 percent in the year to date, with net asset inflows for the year standing at a record high of USD48.2bn.

Latin America-focused managers posted a fifth consecutive month of positive returns in November, outperforming the MSCI EM Latin America Index by almost 8 percent on a year-to-date basis.

Tags: Investment | Investment Funds | Hedge Funds | Japan | Expats | Europe | North America |


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