Hedge funds record modest losses in November but outflows knock billions off industry

Hedge funds had marginal losses in November as the investment environment stayed tough, while performance-based losses and outflows wiped $10 billion off the size of the industry, reports Eurekahedge.

Declining sentiment
Hedge funds ended November with marginal losses as the investment environment continued to be unpredictable. The Eurekahedge Hedge Fund Index was down 0.87% during the month as the global markets experienced large declines. The November year-to-date figure fell to a negative 3.78%.

Risk aversion remained high during the month with the eurozone debt issues continuing to dominate investor sentiment. Although November started with gains in equity markets, mid-month trend