Monday, 6 July 2015
Last updated 11 min ago
Dec 12 2012 | 10:19am ET
Hedge funds posted broadly higher returns in an otherwise underwhelming November characterized by uncertainty, according to Eurekahedge.
The Eurekahedge Hedge Fund Index rose 0.52% last month and is up 4.51% on the year, roughly one-third the return of the Standard & Poor's 500 Index. Those "marginal gains" were spread across the board, with just one region and two strategies suffering negative returns on the month.
Event-driven funds enjoyed the best average returns in November, rising 1.46% (7.42% year-to-date). Arbitrage funds rose 0.98% (5.93% YTD), multi-strategy funds 0.79% (6.36% YTD), long/short equities funds 0.67% (5.71% YTD), fixed-income funds 0.65% (8.92% YTD), relative value funds 0.62% (9.36% YTD) and commodity trading advisers and managed futures funds 0.09% (down 0.88% YTD).
Only distressed debt and macro funds fell in November, both by an average of 0.08%. The former strategy is up 9.81% on the year, 2012's best so far, and the latter is up 1.1%.
Regionally, Asia funds stood out in November. Japanese hedge funds rose 1.41% (2.05% YTD) and Asia ex-Japan funds 1.2% (7.41% YTD). European hedge funds added 0.8% (5.57% YTD), emerging markets funds 0.77% (6.85% YTD), Latin American funds 0.43% (8.39% YTD) and North American funds 0.25% (5.99% YTD). Eastern European and Russian funds shed 0.78% in November and are now down for the year at negative 0.17%.
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…