Macro Hedge Funds Decline Amid Macro Influence Surprise

(Valuewalk) As the post-US election rally accelerated, products of hedge funds concentrated in US equities did very well while those with high concentrations in Europe, and certain emerging markets, generally did not do well, while thematic and systematic strategies were among those with highly mixed returns resulting in slightly negative aggregate performance.

Despite positive aggregate returns in November, the win/loss ratio for the month was relatively low, and the dispersion of returns was generally high.

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