North American funds barely avoided dipping back into the red year-to-date in November, as the losses they suffered in October and November wiped most of the gains they made in 2018.
The Eurekahedge North American Hedge Fund Index ended November flat, as fund managers struggled to profit off the equity market recovery.
Long short equities hedge fund managers bore the brunt of the equity market movement in October, which left them down 3.64 per cent during the month.
The equity market selloff left around 80 per cent of the equity fund managers posting losses in October, and resulted in US$29.1 billion of performance-based losses.
