Hedge Funds Up Over 6% Through November

Dec 17 2012 | 12:05pm ET

Hedge funds posted broadly positive returns in November as the industry creaks towards the end of a broadly disappointing year.

The average hedge fund rose 0.64% last month and is up 6.1% on the year, according to the Dow Jones Credit Suisse Hedge Fund Index. The latter figure is about half the return of the Standard & Poor's 500 Index through November.

Twelve of Dow Jones' 13 strategy indices were in the black in November, led by emerging markets funds (1.1% in November, 7.72% year-to-date), risk arbitrage funds (1.05%, 1.29% YTD) and multi-strategy funds (1%, 9.69% YTD).

Long/short equity funds rose 0.73% last month (6.52% YTD), global macro funds 0.72% (3.27% YTD), managed futures funds 0.58% (down 3.97% YTD), fixed-income arbitrage funds 0.48% (10.29% YTD), equity market neutral funds 0.39% (down 0.01% YTD), event-driven multi-strategy funds 0.31% (7.97% YTD), event-driven funds 0.3% (8.49% YTD) and convertible arbitrage funds 0.22% (6.36% YTD).

The sole losing strategy last month was dedicated short-bias, which fell 0.43% in November and is down 17.97% on the year.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of