The Eurekahedge Report - December 2012

Hedge funds delivered positive performance in November, despite mid-month trend reversals in various sectors due to increased risk appetite. The benchmark Eurekahedge Hedge Fund index was up 0.42% while the MSCI World Index gained 1.05% over the month. Total assets under management were up by US$7.68 billion during November, of which US$5.85 billion were added through net positive asset flows and the remaining US$1.82 billion through performance-based gains. The total size of the industry now stands at US$1.77 trillion.

Highlights of hedge fund performance and asset flows for the month are as follows:

November 2012	US$ billion
Allocation (Inflows)	33.41
Redemption (Outflows)	-27.56
Net Asset Flows	-5.85
Positive Performance (Growth)	9.92
Negative Performance (Decline)	-8.10
Total	1.82
Overall Total	7.68

To read more, please see full Eurekahedge Report, also accessible on Scribd & Issuu.

Hedge funds report positive returns despite slow start in November

Hedge funds gain 0.52% in November

Hedge funds posted marginal gains in November amid mid-month reversals in market trends. The Eurekahedge Hedge Fund Index was up 0.52%¹ bringing its year-to-date (YTD) return to 4.51%. In contrast the MSCI World Index gained 1.05%² for the month.

Key takeaways for the month of November 2012:

• Asia ex-Japan hedge funds were up 1.20% in November, making it the 4th consecutive month of positive returns – with the funds gaining 6.07% during this period
• The asset weighted Mizuho-Eurekahedge Asia Pacific ex-Japan Index was up 12.15% November YTD
• Event driven funds in Europe posted their strongest monthly return in three and a half years - gaining 4.77% in November
• Relative value funds continued their winning streak into the sixth month, with gains of 0.62% in November and 9.36% year-to-date
• European funds focused on distressed debt have posted returns of more than 20% YTD 
• Long-only absolute return funds have delivered much stronger performance than hedge funds in 2012, up 12.23% YTD

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