Performance

U.S. hedge funds notch 0.25% gain in November

by Amal Robleh

Event driven strategies led the way, rising 1.08%.

November was a subdued month for hedge funds, with the HedgeFund Intelligence Global Composite Index up 0.46%. Equity strategies in the U.S. continued to significantly trail their benchmarks, falling 0.14% against a gain of 0.58% for the S&P 500. Hedge funds globally remain far behind the double digit gains of stock indices.

Hedge fund strategies tracked by Americas-focused Absolute Return that rose for the month included event driven, Latin American equity and multistrategy. On a global basis, managed futures funds continued their downward spiral as the only strategy to suffer losses for the month, falling 0.34%. 

Note: These indices were accurate as of