Hedge funds up in November

The PivotalPath Composite Hedge Fund Index rose 2.0% in November, bringing the index to 5.8% YTD. The index continues to generate a positive alpha of 3.9% relative to the S&P 500 over the last 12 months. Hedge fund performance jumped in November as economic data showed a long-awaited decline in inflation, resulting in falling bond yields, and surging equity markets. The Asia long/short equities index was up 1.8% (bringing YTD to 2.5%).