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Laxman Pai, Opalesque Asia:

Assets under management for the global hedge funds industry have rebounded increasing by US$128.0 billion over the past eight months since March 2020, said Eurekahedge.

This has come from performance-driven gains of US$139.8 billion and net investor outflows of US$11.8 billion. This marks a sharp recovery following a US$264.1 billion asset decline in Q1 2020, revealed the December 2020 Eurekahedge Report.

Meanwhile, hedge fund managers recorded their strongest return since 2009 and were up 4.50% in November, supported by the strong performance of the global equity market as represented by the MSCI ACWI (Local) which generated an 11.63% return throughout the month.

On a year-to-date basis, global hedge funds were up 8.09%, with more than 40% of its underlying constituents having underperformed the global equity market over the first 11 months of 2020.

North American hedge funds were up 6.46% in November, outperforming their Asia ex-Japan and European peers who were up 5.41% and 4.27% during the month respectively.

In terms of year-to-date performance, Asia ex-Japan and North American hedge funds generated a double-digit performance of 18.94% and 11.13% respectively, compared to the 1.85% and -2.13% of their European and Japanese counterparts over the first 11 months of the year.

Greater China hedge funds up 30.69% YTD

The Eurekahedge Greater China Hedge Fund Index was up 5.38% in November, supported by the st......................

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