The Preqin All-Strategies Hedge Fund benchmark generated incremental gains in November of 0.40%, making it the thirteenth consecutive month of positive returns. This has helped increase the year-to-date figure to 9.93%, cementing the expectation that it will be the best annual performance for hedge funds since 2013.
Equity strategies enjoyed continued success in November gaining 0.73% and helping to bring the year-to-date return to 13.01%. The strategy is currently on track to potentially doubling its 2016 returns (+7.19%).
JPY-denominated funds outperformed all other major currencies with a monthly return of 1.78% contributing to a year-to-date return of 12.98%. Comparatively, EUR funds performed poorly positive a loss of 0.54% in November, making it the poorest performing top-level currency in 2017 (+4.52%).
UCITS funds also struggled having posted a November return of -0.31%, the first negative monthly return for the benchmark in 2017, which could interfere with the possibility of achieving their greatest annual return since 2009.
Article by Preqin