Bloomberg Index Drops 1% In Nov.

Dec 7 2011 | 11:16am ET

Hedge funds fell twice as much as the Standard & Poor's 500 Index in November, the Bloomberg Aggregate Hedge Fund Index shows.

The benchmark lost 1% last month, compared to 0.5% for the broad-market index. But it did better than global stocks burned by the European sovereign debt crisis.

The Bloomberg index is now down 3.8% on the year.

Long/short equity funds were particularly hard hit, falling 2.1% on the month (down 3.8% year-to-date). Macro funds shed 1.5% (down 4.8% YTD) and multi-strategy funds 1% (down 1.8% YTD).


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