Hedge Funds November Performance
Hedge Funds Performance Rose 0.6% in November 2010
Hedge funds rose 0.6 percent in November, led by Japanese managers, and outperformed global equity markets that fell during the month, Eurekahedge Pte said.
Hedge funds posted positive returns for the fifth consecutive month, with the Eurekahedge Hedge Fund Index, which tracks more than 2,500 funds worldwide, increasing 7.9 percent in the first 11 months, the Singapore-based data provider said in an e-mailed report. About $5 billion went into the industry last month, Eurekahedge said, based on data from 32 percent of funds that have so far reported their November performances.
Managers who invest in Japan and those employing equity- related strategies led the month’s gains, helped by an increase in Japanese stocks, the preliminary report showed. The MSCI World Index declined 2.4 percent in November. Source