Hedge funds record modest losses in November but outflows knock billions off industry

Declining sentiment Hedge funds ended November with marginal losses as the investment environment continued to be unpredictable. The Eurekahedge Hedge Fund Index was down 0.87% during the month as the global markets experienced large declines. The November year-to-date figure fell to a negative 3.78%. Risk aversion remained high during the month with the eurozone debt issues continuing to dominate investor sentiment. Although November started with gains in equity markets, mid-month trend reversals...

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