Opalesque Industry Update - Hedge funds dropped in November, significantly outperforming the major market indices, though giving back the gains they had earned the previous month. The HedgeFund Intelligence Global Composite Index dropped 0.37% against a 2.44% loss in the MSCI World Index (net).|
The Emerging Market Debt and Macro Indices are the only indices to rise in November and are the only two that are positive for the year. Emerging market debt funds rose 0.33% in November (2.81% YTD), while macro funds gained 0.20% (1.52% YTD). The worst performing global index for the year, Emerging Market Equity, is down 13.04% through November following a loss of 3.21% for the month.
Full performance table: Source