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’s November 2018 hedge fund performance data.
These results mark the fourth consecutive month of negative industry returns.
eVestment said: “The negative 2018 year-to-date numbers are in stark contrast to the 8.96 percent aggregate return the industry saw last year.”
“And 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.”
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’ year-to-date returns to 4.37 percent.
“India and China-focused funds put up surprisingly strong returns in November, compared to their more than lacklustre performance so far this year”, 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: “The negative 2018 year-to-date numbers are in stark contrast to the 8.96 percent aggregate return the industry saw last year.”
“And 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.”
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’ year-to-date returns to 4.37 percent.
“India and China-focused funds put up surprisingly strong returns in November, compared to their more than lacklustre performance so far this year”, 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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