Hedge Funds Up 0.33% In November

Dec 6 2012 | 11:32am ET

Hedge funds added slightly to their year-to-date performance last month, a prominent industry benchmark shows.

The Dow Jones Credit Suisse Core Hedge Fund Index rose 0.33% last month. The index is up 2.37% on the year—far behind the Standard & Poor's 500 Index, which has returned in excess of 12% through November.

Most of the strategies tracked by Dow Jones Indices and Credit Suisse were up last month, however marginally. The best performer in November was emerging markets, which added 1.29% (1.67% year-to-date).

The remaining strategies posted returns ranging from a 0.44% gain to a 0.07% loss. The former mark was set by global macro funds, now up an average of 4.77% on the year. The latter represents the average November performance for convertible arbitrage funds, which remain the best-performing strategy of the year at 6.47%.

Event-driven and long/short equity funds each returned an average of 0.24% last month (4.52% and 1.52% YTD, respectively). Fixed-income arbitrage funds rose 0.04% (1.73% YTD) and managed futures funds edged up 0.01%, but remain the year's only strategy with negative performance, down 5.66% in 2012.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...