Australia Hedge Funds Returns
Australia Hedge Funds Returns Up 1.9% in NovemberAustralian hedge funds returned an average of almost 2% in November following a rally in equities. This shows a continued recovery of Australia's hedge fund industry after sharp losses in the recession. The Australian Fund Monitors Hedge Fund Index--which includes over 200 Australian hedge funds--shows a dramatic rise this year. Single funds in the index reported a 19.7% gain this year. You can learn more about about Australia's Hedge Fund Industry here. Here is the current data from the AFM Index:
See our guide to Australia Hedge Funds
The Eurekahedge Hedge Fund Index, tracking more than 2,000 funds globally, rose 1.5 percent in November and has gained 18 percent this year, according to the Singapore-based data provider’s preliminary report.
Equity long funds, which profit from rising share prices, posted the best returns among Australia-based funds last month, with gains of 5.4 percent. Funds that trade currencies fared worst, losing 1.7 percent.
The nation’s benchmark S&P/ASX 200 Index added 1.3 percent in November, its eighth gain in the past nine months.
The Baker Steel Gold Fund, managing A$76 million ($69 million), was the best performer among those that filed results, returning 19 percent. Source
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