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Opalesque Roundup: Hedge funds gain in November: hedge fund news

In the week ending December 06th 2024, HFR reported that hedge funds gained for the month with the HFRX Market Directional Index gaining +1.77% and the HFRX Global Hedge Fund Index gaining +0.84%. HFRX Macro/CTA Index gained +1.47% for the month from gains in systematic trend-following managers. The HFRX Macro Systematic/CTA Index gained +1.60% as the US dollar gained against most currencies and commodities saw a mixed performance. Sugar, wheat, silver, and copper led commodity declines, while coca, coffee, and natural gas led commodity gains. HFRX Equity Hedge Index gained +1.33% in November 2024 from gains in Fundamental Growth & Value strategies as well as Market Neutral strategies.

Meanwhile, global stock and currency markets helped European hedge funds finish November with positive results, as markets surged on a U.S. election win for Donald Trump and the Republicans, performance numbers seen by Reuters on Wednesday showed. These performance details included some hedge funds that profited from so-called Trump trades which punished tariff-sensitive assets from European exporters to Mexico's peso and drove investment towards U.S. stocks and the dollar.

In the meantime, as equities continue to climb to new highs, commodity trading advisors (CTAs), the computer-driven hedge funds that try to spot trends in various markets around the world, posted another large round of losses in October. This is a group that aims to have little or no correlation to the stock market. When equities are in a bear market, they tend to shine, most notably during the 2008 financial crisis. But although they got off to a great start this year even as stocks were rising, most have since experienced a multimonth meltdown

In new launches, InfraRed Capital Partners, an international......................

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