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Opalesque Industry Update - The EurekaHedge Fund Index reported hedge funds have posted marginal gains in November amid mid-month reversals in market trends. TheEurekahedge Hedge Fund Index was up 0.52% bringing its year-to-date (YTD) return to 4.51%. In contrast the MSCI World Index gained 1.05% for the month.
Key takeaways for the month of November 2012 include:
Asia ex-Japan hedge funds were up 1.20% in November, making it the 4th consecutive month of positive returns with the funds gaining 6.07% during this period
The asset weighted Mizuho-Eurekahedge Asia Pacific ex-Japan Index was up 12.15% November YTD
Event driven funds in Europe posted their strongest monthly return in three and a half years - gaining 4.77% in November
Relative value funds continued their winning streak into the sixth month, with gains of 0.62% in November and 9.36% year-to-date
European funds focused on distressed debt have posted returns of more than 20% YTD
Long-only absolute return funds have delivered much stronger performance than hedge funds in 2012, up 12.23% YTD
Press release
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