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eVestment Releases November Hedge Fund Performance Report

Dec 10, 2013
Jing Chen

The November Hedge Fund Performance Report released by investment database and technology solutions firm eVestment indicates that the industry is well on its road to end the year on a positive note.

According to the report,  the hedge fund industry is on pace to return 9% for 2013 due to its November activity which saw funds return about 1.1%. This is an increase from last month, when Atlanta-based eVestment’s October Hedge Fund Performance report stated that the industry is slated to return 8.6% for the year.

Event-driven strategies led the industry in November, returning 1.77%. Some of the better-performing approaches in the sector include activist, distressed and emerging markets, with particularly strong returns from funds targeting Argentina’s sovereign debt as the nation’s high-profile default processing continue in U.S. federal courts.

Managed futures strategies ended a five-month period of negative returns in November, posting a 1.11% gain—its second-highest month since January.

Developed markets produced a 1.58% return last month, while emerging markets had a down month losing .26% in November.

Founded in 2000, eVestment acquired hedge fund analysis provider Pertrac and cloud-based hedge fund technology provider Fundspire last year. It now offers one of the world’s largest traditional and alternative investment databases.

 

 

 

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