November was the best month for hedge funds since January, as funds administered by Citco generated a weighted-average return of 3.3%, led by equities funds, which gained 5.1% for the month. Additionally, over 75% of the funds Citco administers were in the green for November.
Meanwhile, the PivotalPath Composite Index gained 2% last month, also a reversal from October’s broadly challenging environment. Nearly all of PivotalPath’s indices were positive for November, with the only two exceptions being managed futures and global macro.