New York (HedgeCo.Net) – The latest HFR Emerging Markets Hedge Fund Industry Report announced over the weekend that Emerging Markets hedge funds extended year-to-date performance gains in the third quarter.
US equity and currency markets also posted a strong recovery on a continuation of the Federal Reserve stimulus measures.
The HFRI Emerging Markets (EM) Total Index gained +3.0 percent in 3Q13 and +2.5 percent in October, bringing YTD performance for the EM Index to +4.7 percent, outdistancing most individual EM local equity markets.
Total hedge fund capital invested in Emerging Markets increased to $161.0 billion (Chinese RMB 980 B, Russian Ruble 5.29 trillion, Brazil Real 377 B, Indian Ruppe 10.3 trillion, Saudi Riyal 604 billion), the fifth consecutive quarterly record asset level for EM hedge fund capital.
Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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