Hedge Funds Performance November

Hedge Funds Performance Data for November 2009

Hedge funds had modest but encouraging returns in November, led by the energy and health care sectors as well as hedge funds investing in distressed securities.  Performance has been strong almost without exception in 2009 and November was no exception.  The following is the data from last month.

Equity Strategies:  The average performance for equity-focused strategies was +1.23%, funds focused in the US markets gained +1.98%.  Energy and health care sectors were the highest performing equity strategies.

• HFN Long/Short Equity Index: +1.43% in November, +19.84% YTD
• HFN Market Neutral EQ Index: +0.07% in November, +4.48% YTD
• HFN Short Bias Index: -1.80% in November, -16.65% YTD
• HFN Energy Sector Index: +2.93% in November, +36.25% YTD
• HFN Healthcare Sector Index: +3.71% in November, +26.03% YTD

Regional and Country Specific Exposure:  All regions and countries outperformed developed market exposure last month, except the MENA region. The best performance comes from Latin American countries, which have made huge gains already this year.

• HFN Latin America Index: +4.26% in November, +45.74% YTD
• HFN Brazil Index: +5.90% in November, +52.85% YTD
• HFN India Index: +4.81% in November, +47.54% YTD
• HFN China Index: +1.80% in November, +36.80% YTD
• HFN Russia Index: +2.19% in November, +60.82% YTD
• HFN Middle East/North Africa Index: -0.89% in November, +23.00% YTD
• HFN Emerging Markets Index: +2.12% in November, +40.86% YTD

Fixed Income (FI) Strategies:  The average performance from fixed income strategies was +0.82% last month.  Distressed debt strategies were the highest performing.

• HFN Distressed Index: +2.34% in November, +26.54% YTD
• HFN Fixed Income Arbitrage Index: +0.08% in November, +17.81% YTD
• HFN Mortgages Index: +1.00% in November, +50.62% YTD

Commodity and Foreign Exchange (FX) Related Strategies:  CTAs and commodity-focused managers largely outperformed the industry in November.   Energy and metals exposure garnered the biggest gains.

• HFN CTA/Managed Futures Index: +4.41% in November, +4.87% YTD
• Foreign Exchange focused funds: +0.94% in November, +1.93% YTD
• Financial Futures focused funds: +2.41% in November, +3.11% YTD

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