Eurekahedge Index up 1.88% in October, Mizuho-Eurekahedge Index remains in black, Oct YTD

The Eurekahedge Hedge Fund Index gained 1.88% in October as optimism returned to the global economy and markets posted strong rallies. The MSCI World Index gained 8.65% amid moves to resolve the European debt crisis, as well as better than expected economic data from the US.

Global markets are down 7.60% (October YTD), while the Eurekahedge Hedge Fund Index is down 3.05%. The asset weighted Mizuho-Eurekahedge Top 100 Index continues its strong run for the year and is now up an impressive 1.17% in 2011.

Key highlights for October:

• The Eurekahedge Hedge Fund Index witnessed its largest gain of 2011, rising 1.88% during October
• The Mizuho-Eurekahedge Top 100 Index remained in positive territory for the year with a 1.17% return (October YTD)
• Long/short equity funds posted their largest gain since May 2009, gaining 4.1%
• Early reports indicate net positive asset flows to hedge funds in October 2011
• Japanese hedge funds have attracted the largest asset flows (in percentage terms), increasing 7.5% for the year, allowing Asian hedge fund assets to remain at US$130 billion
• Launch activity remained strong through 3Q 2011 with more than 150 new hedge funds launched during this time

To read more, please see the full Eurekahedge Index Flash, also accessible on Scribd and Issuu.