The Eurekahedge Hedge Fund Index ended the month of November down 0.14%, dragging its year-to-date decline to 2.36%. Hedge fund managers struggled to position themselves to capture the upward movement in the equity markets as they recovered from the slump in October. Throughout the month, only 24.3% of the hedge fund managers tracked by the Eurekahedge Hedge Fund Index were able to outperform the global equity market, as represented by the MSCI AC World Index (Local) which gained 1.11% in November.