- Bernanke Urges More Steps To Curb Home Foreclosures
- Bernanke's Speech on Housing and Foreclosures
- With Saturn, G.M. Failed a Makeover
- Toll Loss Narrows, but Warns on Revenue
- Factory Orders Drop More Than Expected in October
- Treasurys Gain on Global Recession Fears
- Happy Holidays? Economy Goes From Bad to Worse
- Where the Layoffs Are—Is Your Firm on the List?
- Viacom to Cut 850 Jobs, Freeze Some Raises
- Is Merck A Drug Bellwether?
- Global Interest Rates
- My ESP: Sports Clubs Take On Airline Pricing
- Busch: Spanning the Rate Cut Globe
- Adidas' Rival Brings Free Holiday Beer — To Adidas
- How to Manage a Job Layoff (Part 1)
- Marisa Miller's Weapon: Brain Behind the Body
- Bankruptcy Supporters Make Another Stand on Capitol Hill
- Rally May Take Dow Back to 12,000: Investor
Text Size 
Hedge-fund investors suffered their worst month of investment performance since the bursting of the dot-com bubble, with intense volatility in global markets tipping every strategy into a loss, London newspaper the Times reported, citing preliminary figures from Hedge Fund Research (HFR).
The Global Hedge Fund Index worth $1.33 trillion lost 2.6 percent in the first 29 days of November, the Times said, despite many strategists predicting strong full-year profit for the sector.
The decline was last surpassed in April 2000, when HFR's Global Fund index down 3.9 percent after the value of Internet companies plunged. August's credit-market crunch caused a 2.55 percent drop in the index, the Times said.
Stock-market strategies were the hardest hit, with HFR's Equity Hedge index slumping more than 4 percent in November, while "event-driven" and convertible arbitrage strategies all generated losses, according to the London paper.
Print
Email
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes