Highlights from this month’s report are as follows:

• All regions posted flat to positive returns for November, with the Eurekahedge Hedge Fund Index up 0.40%1 for the month and 7.72% YTD.
  
• Assets in Asian hedge funds crossed US$125 billion for the first time since December 2008.
  
• Distressed debt hedge funds remained the best performers in 2010, up 18.89% YTD November.
  
• Relative value hedge funds delivered six months of back-to-back positive returns, up 7.08% since June.
  
• North American hedge funds witnessed 10 consecutive months of net positive asset flows, attracting US$56.22 billion over this period.
  
• Hedge funds are ahead of underlying markets by 5.57% YTD November.