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Komfie Manalo, Opalesque Asia: Hedge funds have sustained its winning streak with 13 months of consecutive positive returns as the Preqin All-Strategies Hedge Fund benchmark generated incremental gains in November of
0.40% (+9.93% YTD), data provider Preqin reported.
The strong results of hedge funds in the first 11 months of this year has cemented the expectation that it will be the best annual performance for hedge funds since 2013.
Equity funds enjoyed continued success in November gaining 0.73% and helping to bring the year-to-date return to 13.01%. The strategy is currently on track to potentially doubling its 2016 returns (+7.19%).
Across the region, Asia-Pacific-focused hedge funds remained the most profitable after rising1.28% last month and the highest YTD returns at 16.95%. This was closely followed by developed markets strategies, with 1.27% profits (+7.83 YTD).
Across strategies, Japanese yen-denominated funds outperformed all other major currencies with a monthly return of 1.78% contributing to a year-to-date return of 12.98%. Comparatively, EUR funds performed poorly positive a loss of 0.54% in November, making it the poorest performing top-level currency in 2017 (+4.52%).
UCITS funds also struggled having posted a November return of -0.31%, the first negative monthly return for the benchmark in 2017, which could interfere with the possibility of achieving their greatest annual return since...................... To view our full article Click here
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