Everest Babcock & Brown's Alternative Investment Trust returned -7.86% in November, bringing its YTD performance to -35.53%, compared to the benchmark HFRX Global Hedge Fund Index YTD return of -22.22%.
This result follows on from heavy losses in the fund in October, and was a result of poor performance across all strategies. In their monthly report the managers note the ongoing dislocation of equity and credit markets as a key factor in the fund's performance. They also discuss the impact of redemptions in a number of their underlying funds, and how have been actively managing the risks to the fund on this issue.
