Australian absolute return and hedge funds outperformed the ASX200 for the second month running in November, returning 1.98 per cent for the month, according to Australian Fund Monitors.
This brings year-to-date performance for Australian hedge funds to 16.62 per cent.
Equity based funds returned 2.16 per cent in November, taking their YTD performance to 24.13 per cent.
Non equity based funds rose by 1.71 per cent in November and 7.23 per cent YTD.
Fund of funds also rose in November, up 0.87 per cent, while single funds gained 2.06 per cent.
The best performing strategy in November was equity long, which gained 5.36 per cent, taking its YTD performance to 41.44 per cent. Managed futures also posted a strong return, up 4.65 per cent in November.
The ASX200 was up 1.25 per cent in November and 25.61 per cent YTD, while the S&P 500 rose 5.74 per cent in November and 22.24 per cent YTD.
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