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Opalesque Industry Update - Hedge fund managers ended the month of September down 0.72% on an equal-weighted basis, and loss 1.43% on an asset-weighted basis. The weak performance of the global equity market resulted in a negative performance of most fund managers due to the renewed concern surrounding the increasing COVID-19 cases.
On a year to date basis, global hedge funds were up 3.26% over the first three quarters of 2020.
Over the month of September, US$17.0 billion of investor outflows on top of US$14.4 billion of performance-driven losses were recorded by the global hedge fund industry.
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