Hedgies down again in November

Hedge funds slumped again this month despite hopes a host of Eurozone support deals will stabilise global markets. The average hedge fund fell 1.3 per cent, provisional figures for November show. The industry is down 7.7 per cent for the year to date, according to the HFRX Global Hedge Fund Index. Hedge funds suffered inā€ˆAugust and September but have flattened out over the autumn.