Van Global Hedge Fund Index Gains 1.1% In November
Van Hedge Fund Advisors International last week announced that the firm's Van
Global Hedge Fund Index gained 1.1% in November, according to preliminary figures.
This brings its year-to-date returns to 15.7%. According to Van, hedge fund performance in November kept pace with the US
equity market, with the Global Hedge Fund Index outperforming the S&P 500
and the Dow Jones Industrial Average, which returned 0.9% and 0.1% for the month
respectively. Speaking with regard to the results, George Van, chairman of the advisory firm
observed that: "This year is proving to be one of the most consistently positive years
ever for the Van Global Hedge Fund Index." He continued: "So far, the Index has had only one losing month in 2003, when it fell
-0.1% net in February. Hedge fund managers continued to reward investors in
November, with Distressed Securities and Value strategy funds again showing
some of the best results." .
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