Another negative month for hedge funds, says eVestment
11 December 2018 London
Image: Shutterstock
The global hedge fund industry returned -0.31 percent in November, bringing year-to-date returns to -2.81 percent, according to eVestment鈥檚 November 2018 hedge fund performance data.
These results mark the fourth consecutive month of negative industry returns.
eVestment said: 鈥淭he negative 2018 year-to-date numbers are in stark contrast to the 8.96 percent aggregate return the industry saw last year.鈥�
鈥淎nd while almost all segments of the hedge fund industry put up positive results in 2017, the vast majority of fund types were negative so far this year.鈥�
Among primary hedge fund markets, volatility/options strategies were the only funds to post positive returns in November, at 0.85 percent. However, these funds are still negative year-to-date at -0.65 percent.
Market neutral equity funds were the big losers among primary strategies in November, according to eVestment, with returns of -2.90 percent for the month, bringing these funds鈥� year-to-date returns to 4.37 percent.
鈥淚ndia and China-focused funds put up surprisingly strong returns in November, compared to their more than lacklustre performance so far this year鈥�, eVestment said.
India-focused funds returned 8.53 percent in November and China-focused funds returned 4.10 percent last month.
However, these funds are still deeply in the red for the year, eVestment found, with India-focused funds at -16.33 percent year-to-date and China-focused funds at -13.25 percent year-to-date.
These results mark the fourth consecutive month of negative industry returns.
eVestment said: 鈥淭he negative 2018 year-to-date numbers are in stark contrast to the 8.96 percent aggregate return the industry saw last year.鈥�
鈥淎nd while almost all segments of the hedge fund industry put up positive results in 2017, the vast majority of fund types were negative so far this year.鈥�
Among primary hedge fund markets, volatility/options strategies were the only funds to post positive returns in November, at 0.85 percent. However, these funds are still negative year-to-date at -0.65 percent.
Market neutral equity funds were the big losers among primary strategies in November, according to eVestment, with returns of -2.90 percent for the month, bringing these funds鈥� year-to-date returns to 4.37 percent.
鈥淚ndia and China-focused funds put up surprisingly strong returns in November, compared to their more than lacklustre performance so far this year鈥�, eVestment said.
India-focused funds returned 8.53 percent in November and China-focused funds returned 4.10 percent last month.
However, these funds are still deeply in the red for the year, eVestment found, with India-focused funds at -16.33 percent year-to-date and China-focused funds at -13.25 percent year-to-date.
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