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Alternative Market Briefing

Macro, CTAs drive hedge funds gains in November

Tuesday, December 08, 2015

Komfie Manalo, Opalesque Asia:

Strong performance by macro and CTAs pushed hedge funds gains in November for two consecutive months, latest data from data provider Hedge Fund Research said. The HFRI Fund Weighted Composite Index gained +0.5% for the month, paring 3Q declines and lifting the Index to a YTD gain of +0.3% for 2015. Recent performance gains have increased total hedge fund capital to $2.92tln through November, narrowly below the mid-year 2015 record of $2.93tln.

"After a narrow October decline, Macro hedge funds posted strong gains in November, benefitting from powerful trends in the US Dollar, as well as from short exposures across fixed income and various Metals and Energy commodities," stated HFR president Kenneth J. Heinz.

He said that hedge fund performance in November was driven primarily by macro, CTA, activist and technology exposures, as the HFRI Macro Index gained +2.1%, the strongest monthly performance since January. Through November, the HFRI Macro Index leads all hedge fund strategies with a YTD gain of +0.8%. For the month, Macro sub-strategy gains were led by the HFRI Macro: Systematic Diversified/CTA Index, which advanced +3.1%, also the strongest monthly performance since January, while the HFRI Macro: Currency Index gained +1.9%.

Heinz continued, "Shareholder activist and technology hedge funds also continued to reco......................

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