Eurekahedge: Hedge Funds Add 0.6% In Nov.

Dec 10 2010 | 12:26am ET

Another major hedge fund index shows that hedge funds rose last month, rather than fell, as some early benchmarks indicated.

The Eurekahedge Hedge Fund Index added 0.6% in November, it said. Japanese-focused funds were among the biggest gainers, adding 2.4% while Eastern Europe and Russia funds rose 1.7%. North American hedge funds returned 1%, while emerging markets actually lost ground.

Event-driven was the best strategy of the month, rising 1.4%. Fixed-income funds did somewhat less well, trailing all of its fellow strategies with a 0.8% decline.

Through 11 months of 2010, the Eurekahedge index is up 7.9%.


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