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In the week ending December 16th 2022, Barclay Hedge Fund Index compiled by BarclayHedge stated that the hedge fund industry was up 3.46% in November. Many funds rode the swell of bullish sentiment in both equity and fixed income markets that continued throughout November. The S&P 500 Total Return Index advanced 5.59% during the month while the S&P Global Developed Bond Index was up 4.73%.

The hedge fund industry also continued whittling down its year-to-date losses in November, finishing the month down -6.51% for the year to date. The hedge fund industry continued to better the year-to-date performance of the S&P 500 Total Return Index, which remained down -13.10% over the year-to-date period.

Meanwhile, the HFRI 500 Emerging Markets Index gained +3.94 percent in November, only the 2nd monthly gain for 2022, paring the 2022 YTD decline to -14.9 percent, as reported by HFR.

At the end of Q3 2022, commodities trading advisors (CTAs) outperformed all top-level hedge fund strategies, emerging as the winning ticket in a stressed market, said a report. According to 'Preqin Global Report 2023' during this period, of all fund types, CTA returns climbed +8.2% to September. Hedge funds felt the pain but managed to absorb some of the shocks in the market. At the end of Q3 2022, Preqin's all-hedge-funds benchmark declined by -9.3%.

In performance news, Brevan Howard Asset Management's new digital currency fund escaped with a single-digit loss after it held cash during some of this year's crypto meltdown - the BH Digital Multi-Strategy Fund is down a......................

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