Saturday, 30 May 2015
Last updated 13 hours ago
Dec 5 2012 | 11:55am ET
Hedge funds bounced back a bit in November, according to one industry tracker.
Hedge Fund Research's HFRX Global Hedge Fund Index nearly made up for October's 0.52% decline with a 0.41% jump in November. The benchmark is up 2.57% on the year, far behind the broader markets with just a month to go in 2012.
Fundamental growth funds added 1.83% last month (4.62% year-to-date). Emerging markets funds rose 1.36% (6.75% YTD), credit funds 1% (6.09% YTD), convertible arbitrage funds 0.93% (6.07% YTD) and special situations 0.92% (3.78% YTD).
Event-driven funds added 0.58% on the month (4.61% YTD), equity hedge funds 0.49% (4.35% YTD), macro funds and commodity trading advisers 0.31% (down 1.64% YTD) and relative value arbitrage funds 0.26% (2.31% YTD).
Just two strategies lost ground in November: Systematic diversified CTAs, which fell another 0.61% to extend their worst-of-the-year loss to 8.18%, and master-limited partnership funds, which lost 0.14% (up 5.25% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…