Trend-following hedge funds went into the final month of the year in bullish mood, adding US, European and Japanese stocks to their holdings, according to a report by Reuters citing a prime brokerage note from JP Morgan.
With the S&P 500 and Japan’s blue-chip Nikkei N225 both rallying almost 9% in November and European shares posting gains of over 6%, hedge funds overall finished November by posting a 2.3% positive performance result, according to a note released by the bank on Sunday and seen by Reuters.
Returns totalled 3.2% in Europe, Middle East and Africa, while North America was up 2.1%, and Asia saw a smaller 0.5% positive result.
