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Hedge Funds Fell 1.7% in November, Led by Macro Strategies

  • Bridgewater’s flagship slid 6% last month and is flat for 2021
  • Element gained 1.7% in the month, and is down 8.1% this year
Updated on

Hedge funds lost 1.7% last month, the most since March 2020, led by macro funds that were battered by volatile bond markets.

The industry’s macro managers posted a 2.5% decline in November, according to preliminary figures from the Bloomberg Hedge Fund Indices. That was the biggest monthly decline for the strategy since October 2018.