Hedge Fund Performance Slipped in November
- Firms lost about 0.1% last month in biggest drop since June
- S&P 500 rallied more than 20% for the year through November
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Hedge funds slipped in November, losing about 0.1 percent on average, even as the broader stock market rose, according to a report Thursday by Hedge Fund Research.
The drop brought returns for the year through November to about 6.1 percent on an asset-weighted basis. The industry trailed the S&P 500 Index, which jumped more than 20 percent, with dividends reinvested, in that time.