Hedge funds marked their 13th consecutive month of positive returns in November with 0.47 per cent average returns for the month, bringing year-to-date returns for the industry to +7.70 per cent., according to eVestment’s latest Hedge Fund Industry Performance Report.

Asia-focused funds in general are performing exceptionally well: India-focused funds returned +1.77 per cent in November and +27.33 per cent YTD; Asia ex-Japan-focused funds returned +0.72 per cent in November and +19.74 per cent YTD; and Japan-focused funds returned +1.05 per cent in November and +12.64 per cent YTD.
 
In spite of overall strong returns, there were some losers in November: Macro funds and Convertible Arbitrage funds saw negative returns of -0.11 per cent and -0.19 per cent respectively, although both are holding on to positive returns for the past three months and YTD.