New York (HedgeCo.net) – The hedge fund industry grew by $14.93 billion in November, according to the Eurekahedge report, with performance-based gains of $9.92 billion and net inflows of $5 billion. The total size of the hedge fund universe now stands at $1.47 trillion – back to December 2008 level.
Hedge funds are up 18.24% November YTD, at par with the best November YTD performance on record. Asia ex-Japan funds are up 34.4% November YTD, on track to post the biggest annual gains on record across all regional hedge fund indices.
The Eurekahedge report also found that funds of funds withdrawals have accounted for 60% of the total redemptions from the hedge fund industry in 2009.
Alex Akesson
Editor for HedgeCo.net
alex@hedgeco.net
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