HFR, Inc. releases HFR Emerging Markets HF Industry Report for Third Quarter 2015

12/01/2015 Market Commentary

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CHICAGO, (November 20, 2015) – Emerging Market hedge funds posted strong performance gains in October, driven by exposure to China and Russia, as risk tolerance and liquidity returned to emerging equity markets. The HFRI Emerging Markets Index advanced +3.4 percent in October, the first positive monthly performance since April, according to the latest HFR Emerging Markets Hedge Fund Industry Report, released today by HFR®, the established global leader in the indexation, analysis and research of the global hedge fund industry.
Total hedge fund capital invested in emerging markets fell by over $11 billion in 3Q, down from the mid-year record level, to $187 billion (RMB 1.19 trillion, 12.2 trillion Russian Ruble, 716 billion Brazilian Real, 701 billion Saudi Riyal, 12.3 trillion Indian Rupee), as investors redeemed $2.5 billion, and EM funds declined nearly $10 billion on performance-based losses in the quarter.