Most Hedge Strategies Rally, Short-Sellers Torched

Hedge funds are rallying at the end of the year, and though double-digit-returns are in sight, alpha is going to be awfully elusive.

A quartet of hedge fund indices showed a strong November for hedge funds, and a good one for investable hedge funds. The Credit Suisse/Tremont Hedge Fund Index rose an estimated 2.07% on the month (11.81% year-to-date) and the newly-rechristened Greenwich Global Hedge Fund Index (the former Greenwich-Van) returned 2.04% (10.54% YTD).