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Laxman Pai, Opalesque Asia: The global hedge fund industry assets under management (AUM) has declined by $19.5 billion as of October 2019 year-to-date, said Eurekahedge.
The AUM of the global hedge fund industry stood at $2,272.8 billion as of October 2019.
On a year-to-date basis, the industry has seen $107.5 billion of performance growth and $126.9 billion of investor redemptions over the first 10 months of 2019.
Net outflows figure for Q3 stood at $40.6 billion, which compares to the $46.4 billion and $40.0 billion of net outflows in Q1 and Q2 2019 respectively.
Final asset flow figures for September showed that hedge fund managers recorded performance-based gains totaling $9.8 billion, as well as investor redemptions totaling $12.5 billion throughout the month.
Preliminary data for October revealed that the global hedge fund industry witnessed $2.8 billion of performance-driven gains and $0.1 billion of net investor inflows.
Eurekahedge North American Hedge Fund Index up 6.26% YTD
The Eurekahedge North American Hedge Fund Index was up 6.26% year-to-date, as fund managers focusing on the region benefited from the equity market rally throughout the first 10 months of the year.
The S&P 500 has gained 21.17% as of October 2019 year-to-date, while the tech-heavy NASDAQ Composite was up 24.97% over the same period. North American hedge fund managers have recorded $76.5 billion of performance growth year-to-date.
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