GLOBAL - Hedge funds returns gained 0.07% last month and a 2.01% year-to-date return as it moved once again into positive territory, according to the Standard & Poor's hedge Fund Index.
Charles Davidson, senior hedge fund specialist at S&P said: After the sharp sell-off in October, most markets not only recouped their losses but also reached all-time highs on the heels of supportive economic and corporate data.
As corporate earnings continued to be strong and positive economic data continued to emerge, the risk tolerance of investors returned - and with that the performance of hedge funds, he said.
According to S&P, the main beneficiaries of the November market reversal were equity long/short managers, as the S&P Equity Long/Short Index gained 2.48% for the month. By increasing their net exposure, which had been taken down during the sharp correction in October, managers were able to benefit from the equity rebound in November.
Meanwhile, the S&P Managed Futures Index returned a sturdy 4.19% return during November, as the managed futures strategy turned in a very strong month. Large gains were made in currencies, primarily from long positions in the US dollar versus European and Asian currencies. Long metals exposure was also a major contributor to performance, particularly positions in copper and gold. Long equity index positions benefited from the global rally.
Proposed changes to The Pensions Regulator's (TPR) notifiable events framework so it can be more proactive when corporates make changes will create a very challenging workload, it has been said.
Aviva has created a new pension skill for Amazon Alexa that allows customers to find out how much they have saved towards their retirement.
PP has compiled a list of what to watch out for over the coming months.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.