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Alternative Market Briefing

Hedge fund industry returns 8.6% in the year to November 30, says HFR

Monday, December 09, 2019

Laxman Pai, Opalesque Asia:

The HFRI Fund Weighted Composite Index gained +1.2 percent in November, as optimism regarding U.S. economic growth outweighed risks and negative sentiment around trade/tariff negotiations and impeachment proceedings, according to HFR.

Heading into year-end, hedge funds extended their run of positive performance in November with broad-based gains across all strategies, led by the high-beta exposure sub-strategies, Healthcare, Technology, and Fundamental Value, it said in a report.

The HFRI 500 Fund Weighted Composite Index, an investible index of 500 leading hedge funds, advanced +0.8 percent in November, while the HFRI-I Liquid Alternative UCITS Index added +0.43 percent, led by a +0.62 percent return in the HFRI-I Liquid Alternative UCITS Equity Hedge Index.

According to HFRI, powerful risk-on sentiment drove gains in Bank Risk Premia strategies for the month, as the HFR Bank Systematic Risk Premia Credit Index surged +4.0 percent, while the HFR Bank Systematic Risk Premia Currency Index gained +2.7 percent.

The HFR Risk Parity Vol 12 Index led risk parity exposures in November, adding +0.25 percent for the month, while the HFR Risk Parity 15 Vol Index continues to lead YTD performance with its record +27.1 percent return, reflecting the broad-based nature of gains across 4 major asset classes in 2019.

HFRI Equity Hedge (Total) Index YTD return +11.4

The HFRI Equity Hedge (Total) Index led main strategy performance fo......................

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