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Key highlights for the month:

- Hedge funds overall posted negative performance in November as the Dow Jones Credit Suisse Hedge Fund Index fell an estimated 0.28%.

- Five out of the ten sectors in the index generated positive performance for the month and the industry is up an estimated 7.72% for the year.

- Despite overall global equity markets losses (with the Dow Jones Global Index down 2.16% for the month), Long/Short Equity managers were among the best performers in November finishing up an estimated 0.58%. Positive performance in the space was largely driven by stock-specific gains.

- In a reversal from their index-leading performance in October, Managed Futures funds finished down 4.09% for November. Losses were generally the result of a mid-month price reversal in sugar contracts which negatively affected many trend-following managers.

(press release)

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