U.S. hedge funds hit a wall in November, as tumultuous
markets felled most of the Absolute Return Indices,
according to early performance estimates. Equities funds
suffered the worst this month: the Technology Index and U.S.
Equity Index fell 1.88% and 1.54%, respectively.
The Absolute Return Composite Index fell 0.74% in
November, dropping its year-to-date return to 8.38%. This was
the fifth worst month in the history of the Composite, which
tracks performance back to 1998.
Early estimates indicate that the Composites November
decline was less than its 0.90% fall in August, or than the
1.04% decline it suffered in April 2005. November was the worst
month for the U.S. Equity Index since April 2005, when it
Some of the best performing strategies this year were not
spared from the turbulence. The Latin American Equity Index