Hedge funds ended November with marginal losses as the investment environment continued to be unpredictable. The Eurekahedge Hedge Fund Index was down 0.87%1 during the month amid larger declines in global markets, while the November year to date (YTD) figure fell to -3.78%.
Risk aversion remained high during the month with the Euro zone debt issues continuing to dominate investor sentiment. Although the month started off with gains in equity markets, mid-month trend reversals and a strong rally at the month’s end made it a tough investment environment. The MSCI World Index2 declined 3.22%.
