Hedge funds in November suffered their worse monthly decline since the start of the pandemic in March 2020.
A global market selloff sparked by concerns over the Omicron CCP (Chinese Communist Party) virus variant led to the poor performance, according to a Dec. 8 report from HedgeFund Research.Hedge funds lost 1.7 percent last month, with equity hedge funds leading the declines as they were caught off guard by Omicron, with HFRI’s equity hedge index falling 2.7 percent.
