Healthcare stocks, media and telecoms companies, and Asian equities were among hedge funds’ best trades this year, with just two weeks left on the calendar.
Overall, equity-focused funds — which trade stocks long and short by sector, geography or theme — are the top-performing category in the 11 months to the end of November, according to analysis from PivotalPath.
The industry data provider’s Equity Sector Index is up 22.7% so far this year. The benchmark tracks the performance of equity hedge funds that trade multiple sectors including retail, financials, healthcare, telecoms and media, energy and industrials.