Hedge Funds Slip, But Short Bias Helps November

December 15, 2000 (PLANSPONSOR.com) - Hedge fund returns slipped again in November, with the CSFB/Tremont Hedge Fund Index down -1.5% for the month. Still, that was better than most equity indexes.

The CSFB/Tremont Hedge Fund Index is still up 2.1% year-to-date through November.

Stock market losses were good news for the dedicated short bias category, which was up 13.8% for the month, and 14.8% higher for the year-to-date. Managed futures also turned in a good November performance, up 6.7%, though down 3.3% for the year.

Performance for the CSFB/Tremont Hedge Fund Index and the nine style-driven sub-indices for November follow:

Convertible Arbitrage


Dedicated Short Bias


Emerging Markets


Equity Market Neutral


Event Driven


Fixed Income Arbitrage


Global Macro


Long/Short Equity


Managed Futures


The index is calculated monthly and includes the results of 337 funds, drawn from more than 2600 hedge funds, both US and offshore.

Funds must have at least US $10 million under management and an audited financial statement. The Index does not include funds of funds.