Opalesque Industry Update - Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished October down 0.18%, with 5 out of 10 strategies in positive territory;
In total, the industry saw estimated inflows of approximately $3.9 billion in October, bringing overall assets under management for the industry to approximately $1.75 trillion;
The Global Macro and Fixed Income Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in October equal to 1.63% and 0.78% of the September 2012 levels, respectively;
Event Driven funds generated positive performance in October, with contributors from diversified long positions to credit strategies, and returns from special situation equities, while risk arbitrage holdings were somewhat mixed to slightly negative; and
Long/Short Equity funds finished October in negative territory, though equity markets started the month positively. Positively contributing to performance was short Technology exposure, as well as net long exposure to Financials and large cap Banks.