Hedge funds gain 1.08% in October - HFI

By Josh Friedlander

Tue Nov 8, 2011

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Full index stats and benchmarks are now live from HedgeFund Intelligence. Also, see links to the latest stories from EuroHedge, AsiaHedge, InvestHedge, AR and Absolute UCITS.

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

Region Database
(click for full stats)
October YTD
Asia AsiaHedge 1.44% -3.65%
Europe EuroHedge 0.78% -2.25%
U.S. AR 1.34% -0.22%
UCITS Absolute UCITS 1.18% -2.78%
Funds of Funds InvestHedge -0.10% -3.95%
Global Composite HedgeFund Intelligence 1.08% -1.44%

Global Benchmarks

Index October YTD
MSCI World Index 10.34% -3.12%
Dow Jones Industrial Average 9.54%
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

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