In a brutal month, the global multi-strategy median was down
by 2.29% compared with a fall of nearly 10% for the MSCI World
equity index. A handful of funds did well to contain the damage
but the vast majority were down. Those with directional equity
exposure took sizeable hits, while commodity trading advisers
were also down due to sharply reversing trends.
LODH MultiAdvisers Global Trading was up 1% on the month,
leaving year-to-date numbers at 3.13%, while UBS Pactual