The Greenwich global hedge fund index is up 10.53 per cent year-to-date despite falling 1.61 per cent in November and continues to outpace equities for the month and year. The S&P 500, MSCI World Equity and FTSE 100 indexes were all down by more than 4 per cent in November. Ben Rossman, senior vice president, Greenwich Alternative Investments, said: “Hedge funds' performance, which was less severe than that felt by the equity markets, highlights their unique ability to limit the downside.”