Bloomberg – Hedge-funds assets exceeded $1.6 trillion, reaching the highest in more than two years, as managers returned 2.3 percent last month helped by gains in global markets, according to Eurekahedge Pte.
Hedge funds posted positive returns for the fourth consecutive month in October, with the Eurekahedge Hedge Fund Index, which tracks more than 2,500 funds worldwide, increasing 7.3 percent in the first 10 months, the Singapore-based data provider said in an e-mailed report. Assets last month were the highest since October 2008.
