The Preqin All-Strategies Hedge Fund benchmark generated incremental gains in November of 0.40 per cent, making this the thirteenth consecutive month of positive returns.
This has helped increase the year-to-date figure to 9.93 per cent, cementing the expectation that it will be the best annual performance for hedge funds since 2013.
Equity strategies enjoyed continued success in November gaining 0.73 per cent and helping to bring the year-to- date return to 13.01 per cent. The strategy is currently on track to potentially doubling its 2016 returns (+7.19 per cent).
JPY-denominated funds outperformed all other major currencies with a monthly return of 1.78 per cent contributing to a year-to-date return of 12.98 per cent. Comparatively, EUR funds performed poorly posting a loss of 0.54 per cent in November, making it the poorest performing top-level currency in 2017 (+4.52 per cent).
UCITS funds also struggled having posted a November return of -0.31 per cent, the first negative monthly return for the benchmark in 2017, which could interfere with the possibility of achieving their greatest annual return since 2009.