•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Bailey McCann, Opalesque New York:

Hedge funds had overall weighted average return of 2.4% in November, according to data from Citco. That brings overall weighted average year to date returns to 13.3%.

Equity strategies were the top performing category of funds in November, with a weighted average return of 3.4%, making it seven straight months of positive returns.

Next were Global Macro strategies which achieved a weighted average return of 2.6%, followed by Multi-Strategy at 2%, and Fixed Income Arbitrage at 0.7%, while Commodities strategies came in at 0.3%.

Only Event Driven funds were negative in November, with a weighted average return of -0.4%.

Meanwhile, the rate of return spread - the difference between the 90th and 10th percentile fund returns - widened further to 9.5%, up from 8.2% in October, showing a greater disparity of returns.

Hedge funds also saw nominal inflows in November which should keep them on pace for overall positive yearly inflows, Citco says.

Subscriptions of $8.6B were ahead of redemptions of $8.1B, to give overall net inflows of $0.5B. In total, funds have seen $4.7B of net inflows year to date to end of November.

On a year to date basis, Hybrid and Multi-Strategy funds have been the most popular, with net inflows of $13.7B and $5.7B respectively, while Equity strategies have seen the highest net outflows, at $10.6B, amid a backdrop of strong returns from major equity markets around the world.

Emerging Markets ......................

To view our full article Click here