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In the week ending December 17th 2021, a report by HFR revealed strong gains in Emerging Markets hedge funds focused on India, Russia, and the Middle East continued to lead through 3Q, navigating macroeconomic challenges of inflationary pressures, global supply chain constraints, and the emergence of the Omicron coronavirus variant, with performance topping EM regional equity markets and again complemented by volatile cryptocurrencies.

However, with what has generally been a strong year for the hedge fund business nearly over, the business stumbled a bit in November. Aggregate hedge fund industry performance came in at -2.16% in November and only about 25% of managers reporting to eVestment posted positive results for the month, according to the just released November eVestment hedge fund performance data. November marked only the third time the overall monthly average return for the hedge fund business was negative in 2021. The magnitude of November's negative return, compared to September 2021's -0.61% and July 2021's -0.52%, could be cause for concern.

Meanwhile, Eurekahedge also revealed that hedge funds down 1.12% in November as emergence of new Omicron COVID-19 variant and hawkish central bank communication weighed on sentiment. The Eurekahedge Hedge Fund Index declined -1.12% in November 2021, outperforming the global equity market as represented by the MSCI ACWI (Local) which returned -2.03% over the same period.

SS&C Technologies Holdings announced that the gross return of the SS&C GlobeOp Hedge Fund Performance Index for November 2021 measur......................

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