The Greenwich Global Hedge Fund Index declined 1.61% in November but is up 10.53% year-to-date, outpacing equities both for the month and the year, according to Greenwich Alternative Investments.

The three major indexes, the S&P 500, MSCI World Equity and FTSE 100, were down more than 4% in the month, declining, respectively, 4.18%, 4.24% and 4.3%. And year-to-date through November, the SUP 500 is up 6.23%, the MSCI World Equity Index is up 7.97% and the FTSE 100 is up 3.41%.

“Hedge funds’ performance, which was less severe than that felt by the equity markets, highlights their unique ability to limit the downside,” said Ben Rossman, senior vice president at Greenwich Alternative Investments.

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