October 2010 Asset Flows Update |
Date: Friday, October 22, 2010
Author: EurekaHedge
The global hedge fund sector finished 3Q2010 on a high note as the Eurekahedge Hedge Fund Index delivered a strong 3.37%1 return for September. A surge in risk appetite amid upbeat corporate earnings estimates and a stream of positive economic data led to rallies in the underlying markets. The MSCI World Index advanced 6.74% in the month.
Newly revealed data puts the revised net asset flow figure for August at US$14.7 billion while net subscriptions for September were even higher at US$15.61 billion. This brings the total size of the industry at US$1.59 trillion, a 23-month high. While asset flows have started to pick up as predicted by Eurekahedge analysts, performance-based gains accounted for a massive US$24.3 billion increase in industry assets in September.
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