Opalesque Industry Update - The Eurekahedge Hedge Fund Index was up 0.55% in November 2010, with hedge funds recording flat to positive returns for the month across the board. Hedge funds outperformed the underlying markets by 2.90% as the MSCI Word Index2 dropped 2.35%. Below are the key highlights for November: Early reporting funds indicate that US$5 billion went into the industry in November. Japanese hedge funds have outperformed the Topix by almost 9% YTD November. Distressed debt hedge funds were the top performing strategic mandate for the past two years, having gained almost 60% over this period. Asia ex-Japan funds have witnessed six months of back-to-back positive returns, up 12.50%. Full performance reports available: Source (press release) kb |