Hedge fund returns declined last month in the largest single-month dip since March 2020, according to data released by HFR.
The HFRI Fund Weighted Composite Index was down 2.17% in November and for the year hedge funds are up 8.73% with top decile managers returning on average over 62% for the trailing 12-month period.
Equity hedge funds experience a sharp late-month drop driven by fears of restrictions related to the Omicron coronavirus variant. Year to date return is 9.6% for the strategy.
Macro managers also struggled led . . .
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