Hedge funds raise US$100b through asset flows in 2013
Asian hedge funds outperform the underlying markets.
According to a release, hedge funds delivered healthy gains in October as global markets trended upwards during the month. The Eurekahedge Hedge Fund Index was up 1.40% during the month, while global stock indices outperformed as the MSCI World Index gained 3.75% in September.
Hedge funds raised US$100 billion through asset flows in 2013 as at end-October. Total assets in the hedge fund industry stand at US$1.91 trillion, set to cross the highest level on record by end-2013. Meanwhile, assets in Greater China focused funds reached US$12.9 billion, the highest level on record.
Also, Asia ex-Japan hedge funds have outperformed the underlying markets by more than 5% October year-to-date while Japanese hedge funds remained ahead of other regions, up 22.68% as at end-October.