LONDON—Hedge funds posted their worst performance in 20 months in November, after a global market selloff sparked by concerns over the Omicron COVID-19 variant, according to data from HedgeFund Research.
Financial markets went into a tailspin in the final week of November with U.S. stocks losing nearly 4 percent in the last five trading sessions of the month, after news of the variant hit headlines. Currency and bond market volatility also jumped.
