Hedge funds were up 1.48% in November, bringing the year-to-date total to 17.92%, but Asia funds only eked out a 0.42% positive return for the month, while Japan was down 2.4%. The country has had the worst year of sectors profiled, with only a 5% positive return year-to-date.
What's more, hedge funds didn't beat the MSCI World Index, which rose 3.87% in November. All this in a month when Dubai alarms were raised.
The best performers for the year have been event-driven ...