{"id":32938,"date":"2012-12-11T08:54:18","date_gmt":"2012-12-11T13:54:18","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=32938"},"modified":"2012-12-11T08:54:57","modified_gmt":"2012-12-11T13:54:57","slug":"hedge-funds-up-0-52-in-november","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2012\/hedge-funds-up-0-52-in-november.html","title":{"rendered":"Hedge Funds Up 0.52% In November"},"content":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge funds posted marginal gains in November amid mid-month reversals in market trends. The\u00a0<em>Eurekahedge Hedge Fund Index<\/em>\u00a0was up 0.52% bringing its year-to-date (YTD) return to 4.51%. In contrast the MSCI World Index gained 1.05% for the month.<\/p>\n<p>Key highlights for November 2012:<\/p>\n<ul id=\"yui_3_7_2_1_1355232461120_551\" type=\"disc\">\n<li>Asia ex-Japan hedge funds were up 1.20% in November, making it the 4th consecutive month of positive returns \u2013 with the funds gaining 6.07% during this period<\/li>\n<li>The asset weighted Mizuho-Eurekahedge Asia Pacific ex-Japan Index was up 12.15% November YTD<\/li>\n<li>Event driven funds in Europe posted their strongest monthly return in three and a half years &#8211; gaining 4.77% in November<\/li>\n<li>Relative value funds continued their winning streak into the sixth month, with gains of 0.62% in November and 9.36% year-to-date<\/li>\n<li>European funds focused on distressed debt have posted returns of more than 20% YTD<\/li>\n<li>Long-only absolute return funds have delivered much stronger performance than hedge funds in 2012, up 12.23% YTD<\/li>\n<\/ul>\n<p>The month started off on a cautious note with most funds and other market participants adopting a wait-and-see approach to the US presidential elections. Post-election concerns surrounding the US &#8216;fiscal cliff&#8217; took over the market sentiment while mixed signals from Europe about further support for Greece added to the risk aversion. These trends turned mid-month, amid positive signals over the US budget and continued aid to Greece &#8211; while conclusive economic data from the US &amp; China added further strength to the rallies.<\/p>\n<p id=\"yui_3_7_2_1_1355232461120_583\">Hedge funds across most regions reported positive returns for November with Asian hedge funds leading the way. The\u00a0<em>Eurekahedge Asia ex-Japan Hedge Fund Index<\/em>\u00a0posted its fourth consecutive monthly gain, up 1.20% as underlying markets rallied strongly from mid-month lows to end the month with an increase of 1.75%. Japanese hedge funds posted the strongest returns among the various regional mandates, up 1.41%. The announcement of snap elections in December and the proposition of unlimited easing by the frontrunner triggered renewed risk-appetite in the market with the Nikkei 225 surging to gains of 5.80% during the month.<\/p>\n<p>Most strategic mandates also reported positive results during the month with event driven hedge funds posting the strongest gains of 1.46%. European event driven funds grew 4.77% in November &#8211; the strongest monthly gains in three and a half years. Winning managers reported positions in Spanish and Greek financials &amp; bonds, as well as some distressed stocks that rallied during the latter half of the month. Macro managers reported a marginal decrease of 0.08% as both trend-following strategies and short-term systematic managers delivered losses during the month. Some managers reported gains from the FX space while funds focused on commodities were mostly flat to slightly negative in November.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; Hedge funds posted marginal gains in November amid mid-month reversals in market trends. The\u00a0Eurekahedge Hedge Fund Index\u00a0was up 0.52% bringing its year-to-date (YTD) return to 4.51%. In contrast the MSCI World Index gained 1.05% for the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[919,3],"tags":[],"class_list":["post-32938","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-research","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=32938"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32938\/revisions"}],"predecessor-version":[{"id":32940,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32938\/revisions\/32940"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=32938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=32938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=32938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}