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In the week ending December 11th 2020, a new study said that (listed) hedge funds have climbed to be the top-performing investment company sector in the year to date. According to the Association of Investment Companies (AIC), the sector produced a 56% return in the 11 months to November compared to the average investment company's return of 8% over the same period. Hedge funds performed well in the month of November. The investable HFRI 500 Fund Weighted Composite Index vaulted +4.6 percent for the month, increasing the YTD 2020 return to +5.6 percent. The HFRI Fund Weighted Composite Index soared +6.2 percent in November, the strongest monthly gain since December 1999 and the second-strongest month since index inception in 1990, according to data released today by HFR. Meanwhile, the Eurekahedge Hedge Fund Index was also up 4.50% in November 2020, supported by the strong performance of the global equity market as represented by the MSCI ACWI (Local) which gained 11.63% over the same period. In fact, the global hedge fund business has posted among the highest average monthly returns in 20 years at +5.92% during the month, bringing the year to date (YTD) average returns to +6.90%. In the meantime, CTAs recorded gains across all different strategy styles in November 2020 as global markets rallied, with the broad-based SG CTA Index ending u...................... To view our full article Click here |
Alternative Market Briefing Weekly
Saturday, December 12, 2020
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