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%).
Welcome to our latest issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring investors exit long-short hedge funds, the oil market is now "broken", and Haidar Capital surges 225%. Q2 2022 hedge fund letters, conferences and more
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