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Eurekahedge Index up 1.88% in October, Mizuho-Eurekahedge Index remains in black, October YTD

Wednesday, November 09, 2011
Opalesque Industry Update - The Eurekahedge Hedge Fund Index gained 1.88% in October as optimism returned to the global economy and markets posted strong rallies. The MSCI World Index gained 8.65% amid moves to resolve the European debt crisis, as well as better than expected economic data from the US.

Global markets are down 7.60% (October YTD), while the Eurekahedge Hedge Fund Index is down 3.05%. The asset weighted Mizuho-Eurekahedge Top 100 Index continues its strong run for the year and is now up an impressive 1.17% in 2011.

Key highlights for October:

  • The Eurekahedge Hedge Fund Index witnessed its largest gain of 2011, rising 1.88% during October
  • The Mizuho-Eurekahedge Top 100 Index remained in positive territory for the year with a 1.17% return (October YTD)
  • Long/short equity funds posted their largest gain since May 2009, gaining 4.1%
  • Early reports indicate net positive asset flows to hedge funds in October 2011
  • Japanese hedge funds have attracted the largest asset flows (in percentage terms), increasing 7.5% for the year, allowing Asian hedge fund assets to remain at US$130 billion
  • Launch activity remained strong through 3Q 2011 with more than 150 new hedge funds launched during this time
(press release)

Source

PD

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