The Credit Suisse LAB [liquid alternative beta] Index, which aims to reflect the performance of the overall hedge fund industry, was down 0.24 per cent in November.

The merger arbitrage strategy was the most significant contributor to performance, finishing up 0.85 per cent for the month. Event-driven strategy was the second most significant contributor, finishing up 0.41 per cent. It is still the highest performing strategy year-to-date, up 9.57 per cent thus far in 2012.

The managed futures strategy was the most significant detractor from performance, finishing down 0.65 per cent for the month.