WEST PALM BEACH, FL (www.HedgeCo.Net) – The Van Global Hedge Fund Index gained 2.8% net in November; with such strong performance, the index is now up 6.2% Net for Year to date. Most global stockexchanges rallied after the US presidential elections in November. According to VAN, The S&P 500 rose 4.0% while the MSCI World Equity Index gained 5.1% and the Dow Jones Europe Stoxx 50 jumped5.8%.
The 6.2% net gain for VAN, year to date trails most major stock indices however. The S&P 500 has gained 7.2% while the MSCI World Equity Index and the Dow Jones Europe Stoxx 50 have each returned 8.8%. Hedge funds have outperformed Bonds so far in 2004, according to VAN, The Lehman Brothers Aggregate Bond Index slipped -0.8% in November, bringing its year-to-date average to 3.4% .
George Van, Chairman of VAN said, �The average hedge fund couldn’t keep pace with stocks’ sharp upturn last month, but hedge funds did succeed in delivering broad-based gains in November with almost 90% of the funds in the Van Global Hedge Fund Index reporting a positive net return.”
Van Hedge Fund Advisors International Hedge fund index represents the average net return of �approximately 800 hedge funds that report to the firm. The Van U.S. Hedge Fund Index, which is calculated only from funds domiciled in the United States, performed even better with a 3.4% net gain for November.� The VAN offshore hedge fund index calculated from funds domiciled outside the United States gained 2.1 percent in November.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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