Hedge Funds Returned 1.14% In November, Says Hennessee
Hedge funds returned 1.14% in November, according to the Hennessee Hedge Fund
Index. In a statement released last week, the Hennessee Group revealed that hedge
funds outperformed the S&P 500 index (which returned 0.83% last month) and
the Dow Jones Industrial Average (which fell 0.19%), but were outstripped by
the Nasdaq Composite Index, which climbed 1.45%. The Hennessee Latin America Index was the top performer in November for the
third consecutive month, showing returns of 5.51%. It was followed by the Hennessee Telecom
and Media Index and the Hennessee Value Index, which posted returns of 2.42%
and 2.01% respectively. The Hennessee Pacific Rim Index was the worst performing strategy, posting
a loss of 2.37% (+21.68% YTD), followed by he Hennessee Short Biased Index,
which declined 0.65%. .
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