The hedge fund industry produced an aggregate return of -0.26% in November, bringing YTD returns deeper into negative territory for 2015, -1.21%. The industry’s last annual decline was 2011 when average returns were -4.99% and the S&P rose +2.11%. Despite overall industry returns being negative in 2015, the distribution of returns across funds is very slightly in favor of positive performance (50.2% positive, 49.8% negative). The average positive return is 7.28% and the average negative return is -9.23%. 2015 returns are most positively skewed for Origination & Financing strategies. 88% of O&F funds are up for theyear with an average...