Hedge Funds Fall In November, Replication Index Shows

Dec 4 2012 | 1:17pm ET

This year is poised to go out with a whimper for hedge funds, which lost ground for the second-straight month in November, according to an industry replication index.

The average hedge fund lost 0.24% last month, following October's 0.64% drop, the Credit Suisse Liquid Alternative Beta Index shows. The benchmark is now up just 2.07% on the year, well behind the broader markets.

Merger arbitrage funds did best on the month, according to the LAB indices, rising 0.85% to cut their average year-to-date loss to 3.53%. The year's best-performing strategy, event-driven, added to its lead in November, rising 0.41% to enter December up 9.57% in 2012.

Managed futures funds win the title of worst-performing strategy of both the month and year, down 0.65% in November and 9.44% in 2012. Global strategies shed 0.46% last month to extend their losses for the year to 0.98%, while long/short funds lost 0.33% on the month, cutting their gains for the year to 2.61%.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note