Opalesque Industry Update - Hedge fund strategy highlights:
Hedge Funds posted another positive month in November with the Greenwich Global Hedge Fund Index up 0.85%. Equity markets as measured by the MSCI World Index were up 1.37% but the Barclay Aggregate Bond Index was down -.37%.
Long-Short Equity was the best performing strategy in November up 1.29% closely followed by Futures up 0.93%.
Seven of eight major hedge fund strategies ended November in positive territory. Futures funds had another good month adding 0.93% in November to bring their year-to-date return to -0.78%.
Year to date, Global Hedge Funds are up 8.27%. Long-short Equity continues to be the best performing strategy (+13.41%) followed by Event Driven funds (+12.15%).