Final performance for the Credit Suisse/Tremont Hedge Fund Index has been confirmed up 2.11 per cent in November, bringing year-to-date performance to 17.53 per cent.

Managed futures and global macro led the performance among sectors, returning 4.94 per cent and 3.52 per cent respectively in November.

Gains were largely due to long equity and metal positions as well as due to bearish views on the US Dollar.

Other strong performers included event driven (2.16 per cent), long/short equity (1.92 per cent) and emerging markets (1.37 per cent).

As equity markets rallied, dedicated short posted losses of 2.99 per cent and was the only sector to finish the month in negative territory.