Industry Review: November 2010

Highlights from this month’s report are as follows:

• Hedge funds attracted $61 billion over the first 10 months of 2010, taking the industry to US$1.63 trillion, above October 2008 level.
  
• Hedge funds are up 7.33% YTD October, ahead of global markets by 4.64%.
  
• The Eurekahedge Long/Short Equity Hedge Fund Index is up 29.8% over the last 24 months and assets in long/short equity funds crossed $500 billion.
  
• Strong launch activity was seen in the first three quarters, with more than 600 funds launched in 2010 so far.