Infrastructure

11:15 AM
Reuters
Reuters
News
Connect Directly
RSS
E-Mail
50%
50%

Hedge Funds Narrowly Beat Stock Market in November

Hedge funds beat the broader stock market by a whisker in November, according to data published Monday.

Hedge funds beat the broader stock market by a whisker in November, according to data published Monday.

Hedge funds rose 0.13 percent for the month through November 28, according to data compiled by Bank of America Merrill Lynch. The Standard & Poor's 500 stock index dropped 0.16 percent.

Hedge funds on average still trail stock market gains for the year.

Merger arbitrage and convertible arbitrage strategies were the best performers in November, Bank of America data showed, up 0.51 percent and 0.44 percent respectively. Commodity trading advisers recorded the worst performance, losing 0.35 percent.

Copyright 2010 by Reuters. All rights reserved.

Comment  | 
Print  | 
More Insights
Register for Wall Street & Technology Newsletters
White Papers
Current Issue
Wall Street & Technology - Elite 8, October 2014
The in-depth profiles of this year's Elite 8 honorees focus on leadership, talent recruitment, big data, analytics, mobile, and more.
Video
7 Unusual Behaviors That Indicate Security Breaches
7 Unusual Behaviors That Indicate Security Breaches
Breaches create outliers. Identifying anomalous activity can help keep firms in compliance and out of the headlines.