Credit Suisse: Hedge Funds Up 0.77% In Nov.

Dec 4 2013 | 2:16pm ET

Hedge funds enjoyed modest gains in November, according to an industry replication index.

The Credit Suisse Liquid Alternative Beta Index rose 0.77% last month, bringing its year-to-date return to 6.83%. The Standard & Poor's 500 Index rose 2.8% in November and is up 26.6% in 2013.

Managed futures was far-and-away the best strategy tracked by the Credit Suisse indices last month, soaring 3.08% (6.41% year-to-date). No other strategy was up even 1% for the month; global strategies were second-best at 0.85% (5.48% YTD).

Event-driven funds added an average of 0.78% in November (9.97% YTD), long/short 0.5% (7.62% YTD) and merger arbitrage 0.3% (6.82% YTD).

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Editor's Note