Breaking a two-month losing streak, hedge funds profited from the October market surge. The Hedge Fund Intelligence Global Composite Index rose 1.08%, leaving it down 1.44% for the year. The equity market rally handily exceeded hedge fund returns, however, with the MSCI World Index (net) rising 10.34% for the month.
All indices were positive in October, except for the Managed Futures and Macro indices which fell 2.19% and 1.07%, respectively. Event Driven was the best performing strategy during October, following five consecutive losing months, with a gain of 3.60%.
With its October drop, the Managed Futures Index is down 2.18% for the year, its worst return for this period since 1998 (when HedgeFund Intelligence began collecting hedge fund performance data).
HedgeFund Intelligence Indices
Median Hedge Fund Returns by region
Global Benchmarks
| Index |
October |
YTD |
| MSCI World Index |
10.34% |
-3.12% |
| Dow Jones Industrial Average |
9.54%
|
3.26%
|
S&P 500*
|
10.93% |
1.30% |
| NASDAQ Composite |
11.14% |
1.19% |
| MSCI Europe Index |
7.77% |
-9.08% |
| MSCI Pacific Free Index |
5.27% |
-8.92% |
| Barclays High Yield Credit Bond Index |
5.99% |
4.52% |
| Barclays Aggregate Bond Index |
0.11% |
6.79% |
* total return
Hedge Fund News & Analysis
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HedgeFund Intelligence is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies. Our publications include AsiaHedge, EuroHedge, InvestHedge, AR and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our databases list information on more than 13,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund indices that are the industry's most accurate benchmarks. Our frequent special reports include in-depth analyses of various regions and sectors. Our conferences are renowned for the quality of the speakers and programming, and our objectively-determined annual awards are regarded as the most prestigious and accurate recognition of risk-adjusted performance.
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