Hedge funds lost another 2.34% in November according to the Barclay Hedge Fund Index compiled by BarclayHedge, and are down an unprecedented 20.63% since June 2008.
“The past six months of losses have been the worst on record for the hedge fund industry,” says Sol Waksman, founder and president of BarclayHedge.
“Prior to 2008, the longest string of consecutive losing months was three. Hedge funds lost 4.25% from September through November of 2000, and then 3.30% from July through September of 2001.”
Many hedge fund strategies experienced significant losses in November. Barclay’s equity long bias index dropped 4.81%, healthcare & biotechnology fell 4.50%, the emerging markets index was down 4.22%, and convertible arbitrage lost 3.69%.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.