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:
Dedicated Short Bias
Equity Market Neutral
Fixed Income Arbitrage
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.