Hedge funds record their strongest return in over a decade

Hedge fund managers the ended month of November up 4.49% on an equal-weighted basis, and 3.51% return on an asset-weighted basis.

The better-than-expected efficacy of the COVID-19 vaccines and optimism on the new US administration boosted the performance of the global equity market during the month. On a year-to-date basis, global hedge funds were up 8.17% over the first 11 months of 2020.

Over the month of November, US$8.8 billion of investor inflows on top of US$26.3 billion of performance-driven gains were recorded by the global hedge fund industry.