Dow Jones: All Hedge Fund Strats. Down YTD

Dec 12 2008 | 2:09am ET

Three of four hedge fund strategies tracked by Dow Jones lost ground last month, and all four have posted big losses for the year. And they are the lucky ones.

DJ suspended two of the Dow Jones Hedge Fund Strategy Benchmarks at the beginning of the month, blaming “temporary risk mitigation measures” taken by their underlying managers. The firm has not determined when it will again begin calculating the equity-market neutral and equity long/short benchmarks.

Distressed securities was the worst performer in November of the four remaining benchmarks, shedding 7.47% (down 32.57% year-to-date). Event-driven funds lost 6.35% last month (down 23.83% YTD). Convertible arbitrage shed just 4.8% on the month, but is down a staggering 47.7% on the year.

Only merger arbitrage finished the month up, rising a scant 0.15%. The benchmark is down 8.72% on the year.


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