Hedge Funds Attract US$100B In Oct

Nov 12 2013 | 10:18am ET

Investors had poured US$100 billion into hedge funds as of end-October 2013, bringing total industry assets under management to $US1.91 trillion.

Data provider Eurekahedge says the industry is poised to set a new record for AUM by the end of the year.

Assets in funds focused on Greater China have already set a record, reaching US$12.9 billion as of end-October.

In terms of performance, all strategies tracked by Eurekahedge ended October in positive territory, led by multi-strategy funds, which were up 1.82% on the month (5.57% year to date).

Long/short equities funds were up 1.77% on the month (11.38% year to date), fixed-income funds were up 1.32% on the month (5.39% YTD), event-driven funds were up 1.11% on the month (8.56% YTD) and CTA/managed futures funds were up 1.06% on the month (but down 1.84% YTD, the only strategy in the red on a YTD basis).

Arbitrage funds added 0.95% in October (5.94% YTD), macro funds added 0.93% in October (1.58% YTD), relative-value funds were up 0.88% on the month (4.54% YTD) and distressed debt funds were up 0.87% on the month (12.17% YTD).

All regions gained ground in October, led by Asia ex-Japan funds, up 2.03% on the month (8.65% YTD); European hedge funds, up 1.67% on the month (6.71% YTD); emerging markets funds, up 1.43% on the month (3.98% YTD); North American funds, up 1.36% on the month (7.41% YTD); and Latin American funds, up 1.19% on the month (1.52% YTD).

Japan hedge funds were up 0.85% on the month (22.68% YTD, the highest YTD total of any region tracked by Eurekahedge); and Eastern Europe and Russia funds were up 0.50% on the month (but are down 2.17% YTD, the only region in the red, YTD).

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