The Barclay Hedge Fund Index gained 1.89 percent in November, and is up 10.75 percent for the year. The Index tracks performance of more than 2800 single-manager hedge funds.
November was a good month for most hedge funds, as 89 percent of funds reporting to Barclay were profitable.
“For the fourth month in a row, increasing equity prices set the stage for hedge fund profits in most strategies,” says Sol Waksman, the founder and president of The Barclay Group. “The decline in US interest rates not only helped support domestic equity prices, but also drove yield-hungry investors to bid up prices of distressed and high yield bonds.”
Only the Equity Short Bias Index fell, down 2.95 percent in November and 6.70 percent for the year. Year-to-date, the Barclay Emerging Markets Index has gained 17.81 percent, Healthcare and Biotechnology is up 14.12 percent, and Equity Long Bias has gained 13.23 percent.