Hedge funds investing in emerging markets have outperformed their benchmarks this year, according to data from Hedge Fund Research. Hedge funds investing in emerging markets delivered returns of 14.7% in the first nine months of the year, as tracked by the HFRI Emerging Markets Total Index. This number contrasts with the 7.3% increase in the HFRI Fund Weighted composite index in the period.
This year's performance is keeping pace with the two previous years. The emerging market index gained 18.42% in 2004 and 39.36% in 2003.