Friday, 29 May 2015
Last updated 15 hours ago
Dec 6 2010 | 4:22am ET
Hedge funds suffered their worst month since May's "flash crash" in November, according to the Bloomberg Aggregate Hedge Fund Index.
The average hedge fund lost 1.5% last month as stocks declined amid fears about European debt. The Bloomberg Index is up just 3.8% this year, a far cry from last year's double-digit returns.
Asset-backed securities funds really took it on the chin in November, dropping 5.2%. Still, investors can take heart in a 15% return with just one month of the year to go.
Mergers and acquisitions funds shed 2.3% last month (up 0.2% year-to-date). Long/short equity funds dropped 1.6% (up 6.1% YTD), while multi-strategy funds lost 1.5% (up 1.7% YTD). Macro funds lost an average of 1.1% (up 2.1% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…