Hedge funds were up 3.01%1 in December as the underlying markets trended upwards in a year-end rally. The sector witnessed performance-based growth of US$25.98 billion in December while also gaining US$8.11 billion through net positive asset flows. All regional and strategic mandates posted positive returns for the month as well as for 2010 – a quick glance at the list of top 12 best performing billion dollar hedge funds of 2010 (Pg 12) displays a healthy mix of strategies and regions. The Eurekahedge Hedge Fund Index closed the year with a double-digit growth of 10.93%, ahead of global markets by 3.10% – the MSCI World Index was up 7.83% in 2010.
Highlights of hedge fund performance and asset flows for the month are as follows:
|December 2010||US$ billion|
|Net Asset Flows||8.11|
|Positive Performance (Growth)||27.67|
|Negative Performance (Decline)||-1.69|
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1Based on 58.32% of the funds reporting their NAV for December 2010 as of 14 January 2011.
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