Hennessee: Hedge Funds Down 3.91% Through Nov.

Dec 9 2011 | 12:15pm ET

Hedge funds are on a roller-coaster ride in 2011, and they'd very much like to get off.

Yet another industry index shows that October's turnaround was very, very short-lived, and that the average hedge fund returned to its losing ways in November. "This environment has proven extremely challenging, and hedge funds were whipsawed again," the Hennessee Group's Charles Gradante said.

The Hennessee Hedge Fund Index fell 0.96% last month, while the Standard & Poor's 500 Index lost only 0.5%. The benchmark is down 3.91% on the year.

Global and macro funds took the biggest hit among major strategies, losing 2.77% in November (down 8.01% year-to-date). Arbitrage and event-driven funds lost 0.47% (down 2.15% YTD) and long/short equity funds 0.45% (down 2.94% 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

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

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