Hedge funds continued to rise in November

GrowthHedge funds marked their thirteenth consecutive month of positive returns in November with 0.47% average returns for the month, bringing year-to-date (YTD) returns for the industry to 7.70%.

The figures, published today in eVestment’s monthly November 2017 Hedge Fund Performance Report, found that positive returns were well distributed among strategies and geographies with 80% of hedge funds surveyed seeing positive returns for the month.

Equity-focused strategies were among the strongest performers. Among primary strategies, quantitative directional equity strategies were among the top performers in November, returning 1.34% for the month and 9.49% YTD .

The report found that:

  • China-focused hedge funds are the big winners as 2017 comes to a close, returning +1.07% in November and +31.50% YTD.
  • Asia-focused funds in general are performing exceptionally well with India-focused funds returning 1.77% in November and 27.33% YTD.
  • Russia and Brazil-focused funds, which gained more than30% last year, have suffered in the second half of 2017. Russia-focused funds saw barely positive 0.41% returns in November, but YTD returns are still above average at 8.87%. Brazil-focused funds show a similar, but more negative, trajectory with November returns down at -1.02%, but YTD returns still positive at 13.34%.

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