October's big equities sell-off, fueled by early gains
protection and a reversal in energy prices, punished many
equity strategies. The Absolute Return U.S. Equity Index fell
by a median 1.46% for the month, trimming year-to-date returns
to a very tame 4.84%. Our global equity index slid a lot more,
losing 2.67% as the Asian and European markets gave back some
of the big upside logged earlier in the year.