Hedge funds remained resilient amidst market risk-off sentimentJacob Wolinsky
Hedge funds remained resilient amidst market risk-off sentiment by outperforming global equities on its second consecutive months
Equal-weighted and asset-weighted hedge fund performance
Hedge fund managers ended the month of October up 0.02% on an equal-weighted basis, and a loss of 0.54% on an asset-weighted basis. The increasing COVID-19 cases particularly in Europe resulted in the reimposition of lockdown measures that contributed to the weak performance of the global equity market during the month. On a year-to-date basis, global hedge funds were up 3.35% over the first 10 months of 2020.
Over the month of October, US$6.5 billion of investor outflows on top of US$8.0 billion of performance-driven losses were recorded by the global hedge fund industry.
Hedge fund performance by region (2020 YTD)
Hedge fund performance by strategy (2020 YTD)
Proportion of fund launches with ≥20% performance fees
Proportion of fund launches with ≥2% management fees
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