The top 25% of hedge funds gained an average of 2.71%, while the bottom quarter gained an average of 0.40% for the month. Emerging Markets funds, the month’s top performing strategy, were up an average of 4.62% for December (38.46% YTD), while CTA/Managed Futures gained 3.69% (13.5% YTD) and Macro advanced 2.83% (24.78% YTD). By comparison, the S&P 500 gained 5.08% during the month. As it has been across the industry, Short Bias was the big loser for the month, giving back -2.15% (-13.16% YTD)
Based on the hedge funds that have reported December performance, the year-to-date average gain is 18.26%. However, the top 25% of hedge funds have gained 24.33% for the year-to-date, while the bottom 25% are up 6.03% over the same time period. By comparison, the S&P 500 has gained 26.38% since the beginning of the year.
Hedge funds included in these calculations gained 0.89% on average during November. The top 25% of hedge funds gained 1.46% in November while the bottom 25% were ahead an average of 0.11% during the same period. HedgeFund.net-PerTrac Universes are a feature of PerTrac Online, a hedge fund analytics tool available to registered users of HedgeFund.net ..