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