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Alternative Market Briefing

Emerging market hedge fund assets rise to record $199.66bn in Q3

Monday, November 21, 2016

Komfie Manalo, Opalesque Asia:

Emerging markets hedge funds ended the third quarter at a new record asset level, eclipsing the prior record from 2Q15. Assets dedicated to EM hedge funds increased to $199.66bn in 3Q, up $9.8bn from the prior quarter as a result of strong performance-based quarterly gains and despite a net investor outflow of $850m, according to the latest HFR Emerging Markets Hedge Fund Industry Report released by HFR.

The HFRI Emerging Markets (Total) Index gained +5.06% in 3Q and added +1.10% in October, led by regional exposures to Latin America, Russia, and emerging Asia; the HFRI EM Index is up +9.1% YTD through October.

"Emerging market hedge fund capital increased to a record level in 3Q as currency, fixed income and commodity markets adjusted to the impacts of shifting trade and monetary policies from both Brexit and the U.S. election," stated Kenneth J. Heinz, President of HFR.

Latin America gains accelerate to now 33.0% YTD

Hedge funds focused on Latin America extended the powerful YTD surge, leading all areas of hedge fund performance through October. The HFRI EM: Latin America Index vaulted +6.2% in 3Q, and added another +5.4% in October, bringing YTD performance to +33.0%. Recent gains for the volatile LatAm Index follow performance declines in four of the last five years, including the last three. The total number of hedge funds focused solely on ......................

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