GLOBAL - The Hennessee Hedge Fund Advisory Group, a global hedge fund investment consulting firm, has announced that hedge funds produced a positive return of +2.55% in November, according to the Hennessee Hedge Fund Index.
Though hedge funds were up for the month, their performance was surpassed by the broad markets as the S&P500 Index gained +5.85%, the Dow Jones Industrial Average rose +5.94% and the Nasdaq Index increased +11.21%.
Year-to-date, hedge funds are down (–2.56%), beating the broad US equity markets, as the S&P500 is down (–17.32%), the Dow Jones Industrial Average is down (-11.23%), and the Nasdaq is down (–24.17%).
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