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Opalesque Ltd., a leading provider of online information services to the alternative investment industry, today* announced the estimated October results for its series of indices tracking emerging hedge fund and managed futures fund managers. Calculations are based on currently 312 funds listed in the Emanagers database, the industry's only database dedicated exclusively to hedge fund management firms less than 48 months old and with assets under management of less than $600 million at the time of the firm's inception.

The Emanagers Total Index, consisting of both hedge funds (65%) and managed futures funds (35%), gained 3.48% in October and is down 0.79% year to date. Since January 2009, the index has performed exceptionally well, returning 34.5% in 2009 and 18.73% in 2010. Funds listed in the Emanagers Database thus outperformed all major hedge fund indices as well as equities.

Hedge funds profited from last month's strong market rally, with the Emanagers Hedge Fund Index gaining 6.22%. The index is now back in positive territory (+0.33%) year to date. Managed futures strategies posted mixed results and a flat overall performance for the third month in a row, as well for the year 2011 so far.

Although emerging manager hedge funds outperformed the Eurekahedge Hedge Fund Index over the last 12 months, they wer......................

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