Emerging market hedge funds have the worst monthly return in October, according to Hedge Fund Research. There was a 3.7 percent decline in October, the worst monthly return since January 2016, which was down 5.4 percent.
The average return of the 1,156 emerging market hedge funds in the HFRI Emerging Markets (Total) index was –10.7 percent year-to-date through Oct. 31, which is considered the worst calendar year of performance since declining 14 percent in 2011.
And the redemptions in the quarter ended Sept. 30 totaled $3.1 billion, the largest quarterly redemption since the first quarter 2009 when investors pulled $6.4 billion from emerging market hedge funds.
In total, emerging market hedge fund assets fell $3.9 billion, including performance losses, in the third quarter to $227 billion, a 1.7 percent decline compared to the quarter ended June 30.
