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In the week ending December 3rd 2021, eVestment said that investors added an estimated net $7.22 billion into hedge funds in October, increasing 2021 net inflow to $34.33 billion. Asset-weighted returns were positive resulting in overall industry AUM increasing to $3.64 trillion.

According to Eurekahedge data, hedge fund managers ended the month of October up 1.35% on an equal-weighted basis, and up 0.89% on an asset-weighted basis. Risk assets rallied during the month driven by strong corporate earnings, a continuation of accommodative monetary policy and pick-up in economic activity, despite persistent inflationary pressure. On a year-to-date basis, global hedge funds were up 9.59% over the first 10 months of 2021, on track to record their second consecutive year of double-digit performance.

Meanwhile, the HFM Fixed Income/Credit Index fell 0.3% in October, the worst return among With Intelligence's range of HFM strategy indices last month. The result leaves the index at 5.3% YTD, around half that of the HFM Global Composite, at 10.2% YTD. Many hedge funds were caught out last month by significant fluctuation in the bond market, as expectations shifted overthe prospect of central banks tightening policy.

In new launches, Manulife Investment Management announced the final closing of Manulife Infrastructure Fund II, a US$4.65 billion private fund pool with committed capital from 29 limited partners and Manulife's general accou......................

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