New York (HedgeCo.net) – U.S. hedge funds posted an average return of -0.87% in November, outperforming global equity markets by 2.35% as managers focused on capital preservation strategies, according to Eurekahedge.
The MSCI World Index fell by as much as 10% during the course of the month, before a month-end rally.
Managers lost $9.92 billion of assets mainly through investment outflows while performance was also in negative territory. November marks the fourth consecutive month of negative net flows this year.
Other highlights include:
- The Mizuho-Eurekahedge Top 100 Index remained in the black November YTD, up 2.12%
- Hedge funds witnessed outflows of $52 billion in the last four months
- European hedge funds saw seven months of net negative asset flows – $30 billion
- 60% of hedge funds remained in negative territory for the year
- Launch activity in 2011 exceeds 1000 funds November YTD
- Average redemption notification period of European hedge funds has decreased by more than 50% in three years
Editing by Alex Akesson
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