Hedge Funds Drop Slightly In Nov.

Dec 2 2011 | 12:01pm ET

Hedge funds lost ground last month but are on track to manage positive returns for the year with a relatively strong December.

The Credit Suisse Liquid Alternative Beta Index lost 0.39% last month, in line with the 0.5% decline of the Standard & Poor's 500 Index. But thanks to the 4.17% surge the index enjoyed in October, it is down just 0.97% for the year.

What is more, the news for November wasn't all bad.

"Despite the decline, three of the five sectors posted positive performance," Jordan Drachman, head of research for alternative beta strategies, said. "Merger arbitrage was the best performer, finishing up 0.36%, and is currently the highest performing sector year-to-date, up 3.95%."

Also posting gains were global strategies, up 0.13% (down 1.16% year-to-date) and managed futures, up 0.05% (down 3.74% YTD). On the other hand, long/short funds shed an average of 0.5% (up 0.39% YTD) and event-driven funds lost 1.57% (down 1.3% YTD).


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR