Hedge Fund AUM Could Hit $2 Trillion By Year’s End

Hedge funds had their third straight month of performance gains, but total assets under management still fell in November as investors started pulling money out, according to Eurekahedge’s monthly report. “After four consecutive months of positive asset flows during which the industry witnessed net allocations of US$64.4 billion, the month of November saw a sharp detraction from this trend with investors withdrawing a net of US$3.96 billion from the hedge fund industry,” says the Eurekahedge report. “Meanwhile all regional mandates registered their third consecutive month of positive performance-based gains raking in US$2.51 billion during the month.” Total AUM hovered around…