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From Kirsten Bischoff, Opalesque New York: The focus on the hedge fund industry in light of 2008 performance has given a new level of anticipation to the beginning of the month and the announcement of indices returns. Credit Suisse announced the unveiling of "early view" in October, an early estimate of hedge fund performance which will be released one week following the end of the previous month. This tool has indicated that November, while still well immersed in negative territory (-0.71%), may seem almost buoyant in comparison to October's hedge fund industry returns.

However, fund of hedge funds FRM recently announced that the database it runs to track credit managers has seen a drop off in the number of funds reporting their month end performance numbers. Additionally, firms such as Morningstar which also track hedge fund manager performance said fund reporting in October may have trended a bit slower, although not significantly so. It remains to be seen how a lag in reporting may affect the final index performance numbers. Credit Suisse's early bird report for November was based on 69% of funds reporting.

Markov Processes International last week projected anticipated industry performance through several hedge fund index replicators the firm runs. The MPI projections calculate performance before actual returns are available. Replicating the Barclays, Credit Suisse/Tremont, and HFRI indices, the firm compile......................

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