Hedge Funds Return To Positive Territory In Nov.

Dec 9 2014 | 12:31pm ET

Hedge funds returned 1.08% in November, ending a two-month decline.

Year-to-date returns now stand at 2.85%, according to eVestment, well below 2013's full-year returns of 10.2%.

Managed futures funds were the best performers in November, adding 3.41% in November (6.86% YTD).

Also ending the month in positive territory were event-driven activist funds, up 3.25% (6.51% YTD); multi-strategy funds, up 1.70% (2.92% YTD); macro funds, up 1.55% (2.93% YTD); convertible arbitrage funds, up 0.88% (1.69% YTD); long/short equity funds, up 0.71% (2.44% YTD); event-driven funds, up 0.69% (1.19% YTD); and market neutral equity, up 0.08% (0.96% YTD).

The worst-performing strategies in November were distressed funds, down 0.52% (but up 1.81% YTD); followed by relative value credit funds, down 0.22% (up 3.06% YTD); and directional credit funds, down 0.19% (up 2.15% YTD).


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