Hedge funds extended their winning streak to eight consecutive months in November, according to data from Citco's monthly update covering funds under administration. The weighted average return of 0.9% brings year-to-date performance to 19% - on track for the strongest annual return this decade.
| November Return 0.9% | YTD Return 19.0% | Net Inflows (Nov) $11.8bn | Net Inflows (YTD) $73.9bn | % Funds Positive 66% |
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Capital continued flowing into the hedge fund industry. November saw net inflows of $11.8bn, exceeding October's $10.6bn, as $19bn in subscriptions outpaced $7.2bn in redemptions. Multi-Strategy funds captured the majority of flows, reinforcing investor preference for these hot platforms.
Also see This Virtually Unknown Hedge Fund Manager Is Putting Up 30-40% Returns Year After Year
Performance
Returns by Strategy
Event Driven strategies led with a 2.6% weighted average return, followed by Global Macro at 1.9% and Equities at 1.2%. The spread between best and worst performing funds narrowed to 6.4% from 7.2% in October, indicating cautious year-end positioning.
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