Hedge Funds Up 1% In Nov.

Dec 15 2009 | 5:15am ET

Hedge funds are nearing a 20% return for the year, creating a happy symmetry with last year, when they lost about as much.

The average fund rose 1.02% last month to hit 18.48%, according to the RBC Hedge 250 Index. Managed futures funds led the way with a 3.5% return, but that makes it the second-worst performing hedge fund strategy on the year at 5.92%. Only equity-market neutral has done worse with a 0.31% return after dropping 1.21% in November.

The only other strategy in the red last month—convertible arbitrage—is the top-performing strategy on the year, ending last month up 64.25% after declining 0.96% in November.

Mergers and special situations funds rose 1.54% (28.26% year-to-date), credit funds 1.39% (21.72%) and fixed-income arbitrage 1.29% (22.11% YTD).


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note