Hedge funds notch 0.92% in November

By Amal Robleh

Wed Dec 11, 2013

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Event-driven funds have best monthly return since January 2012.

Hedge funds returned 0.92% globally and 0.88% in the U.S. in November. The Absolute Return Composite Index is now up 7.28% for the year, and on track to have its best yearly return since 2010 when U.S. funds were up 9.26%

Fixed income funds were down 0.75% for the month, their first negative showing since June The strategy is up 5.31% for the year.

Commodities funds had a little breathing room in November, returning 0.34%. This is the strategy's first positive return since August, but the strategy remains in the red for the year, down 7.33%.

Note: These indices were accurate as of December 10, and are subject to change. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.

HedgeFund Intelligence Indices
Median hedge fund returns by region

November YTD
Asia AsiaHedge
1.23% 12.26%
Europe EuroHedge
1.00% 7.55%
U.S. Absolute Return
0.88% 7.28%
0.78% 6.07%
Funds of Funds InvestHedge
1.12% 7.57%
Global Composite HedgeFund Intelligence
0.92% 8.18%

Absolute Return Indices (Americas hedge funds)
Index November YTD
Credit 0.92% 8.45%
Event Driven 1.04% 12.56%
Latin American Equity -2.71% 1.09%
Macro 0.08% 0.98%
Managed Futures 1.23% -1.60%
Multistrategy 0.80% 8.96%
U.S. Equity 0.85% 12.01%
Composite 0.88% 7.28%

Global Benchmarks

Index November YTD
MSCI World Index 1.78% 24.05%
Dow Jones Industrial Average 3.48% 22.76%
S&P 500*
3.05% 29.14%
NASDAQ Composite 3.58% 34.47%
MSCI Europe Index 0.52% 20.38%
MSCI Pacific Free Index -0.12% 18.22%
* total return

About HedgeFund Intelligence

HedgeFund Intelligence  is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedgeEuroHedgeInvestHedgeAbsolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our  databases list information on nearly 15,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund  indices  that are the industry's most accurate benchmarks. Our frequent special reports  include in-depth analyses of various regions and sectors. Our  conferences  are renowned for the quality of the speakers and programming, and our objectively-determined  annual awards  are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

For more information about HedgeFund Intelligence or any of its data, indices, newsletters & magazines, special reports or events, please contact Nick Evans via email (nevans@hedgefundintelligence.com) or at +44 (0) 20 7779 7355.

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