New York (HedgeCo.Net) – 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% while the MSCI World Index gained 1.05% 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 from this month’s report:
- Hedge funds attracted US$5.9 billion in November, total size of the industry now stands at US$1.77 trillion
- The asset-weighted Mizuho-Eurekahedge Asia Pacific ex-Japan Index was up 11.60% as at end-November 2012 and we expect it to finish this year with gains of more than 13%
- Distressed debt funds are up 10.51% November YTD and have gained 88.5% since March 2009; European funds focused on distressed debt have posted returns of more than 20% YTD
- Relative value funds continued their winning streak into the sixth month, with gains of 0.47% in November and 9.19% year-to-date
- Despite increasing regulation and difficulty in raising capital 750 hedge funds launched in 2012 (October year-to-date)
- North America remains the fastest growing hedge fund region, total assets have increased by US$56 billion since the start of the year and currently stand at US$1.22 trillion