Performance

Energy trades boosted flat November FoHF returns

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The roller coaster markets continued in November, leaving the InvestHedge funds of funds Composite median down -0.64% for the month and -3.89% for the year. All the strategies in the universe are now in negative territory for both November and for the year to date, with European Multi-Strategy funds of funds the worst performers – down 8.05% for the year to November. During the month, emerging markets’ fund of funds had the worst ride in November down 2.22%.

The commodities world is a tricky one to create a composite for given the divergent correlations of many of the