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Research Perspective Vol. 67

Hedge fund strategies are heading towards their first negative month in November after 12 continuous positive months with event-driven and equity hedge strategies suffering the most. US equities consecutive gains stopped this month, with large-cap stocks suffering from losses. Investors seem concerned about tax reform and differences between U.S. House of Representatives and Senate plans and that seemed to affect European markets as well, with major European indexes witnessing losses. Global macro and CTA strategies produced strong returns the first two weeks of November trying to finish strong in a muted year for them so far. Volatility in bitcoin surged,...