Hedge funds up 3.45%

• Total net asset flows for 2014 were trimmed to US$55 billion for the year as hedge funds saw their fourth consecutive month of net outflows in October, with investors redeeming US$20.3 billion over the last four months.
• Commodity trading advisor (CTA)/managed futures funds reported performance-based gains of US$12.3 billion for the year; their highest October YTD gains since 2010. North American CTAs lead with YTD returns at 8.04%.
• Asia ex-Japan-focused funds grew their asset base by US$11.2 billion in 2014 and are up 7.44% October YTD, outperforming the MSCI Asia ex-Japan by almost 300 basis points.
• India investing hedge funds reported their ninth consecutive month of positive returns with managers deploying long/short equities up 47.30% YTD—outperforming the BSE Sensex by almost 16%.
• European managers continued to face headwinds, down 0.56% for the month and 0.60% YTD; though the region’s specialist distressed debt investing funds are up 12.77% for the year.

This story originally appeared on our sister site, Advisor.ca.

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