New York (HedgeCo.net) – All regional mandates ended the month with flat to positive returns as the Eurekahedge Hedge Funds Index witnessed a fifth consecutive month of back-to-back positive returns. The Eurekahedge Hedge Fund Index is up 7.72% November YTD, leading the MSCI World Index by 5.57%. The sector witnessed performance based losses US$2.36 billion while asset flows were flat to slightly negative.

Report highlights

1. All regions posted flat to positive returns for November, with the Eurekahedge Hedge Fund Index up 0.40% for the month and 7.72% YTD
2. Assets in Asian hedge funds crossed US$125 billion for the first time since December 2008.
3. Distressed debt hedge funds remained the best performers in 2010, up 18.89% YTD November.
4. Relative value hedge funds delivered six months of back-to-back positive returns, up 7.08% since June.
5. North American hedge funds witnessed 10 consecutive months of net positive asset flows, attracting US$56.22 billion over this period.
6. Hedge funds are ahead of underlying markets by 5.57% YTD November.
7. Total assets under management registered a slight decline of US$2.55 billion[ii], bringing the total size of the industry to US$1.64 trillion. Asset flows for the month were marginal to slightly negative, with net outflows of US$0.19 billion while performance-based declines accounted for losses of US$2.36 billion.

For an update on November 2010 asset flows, follow Twitter account @eurekahedge on Tuesday 21st of December.