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).
Median Hedge Fund Returns by region
* total return
|MSCI World Index
|Dow Jones Industrial Average
|MSCI Europe Index
|MSCI Pacific Free Index
|Barclays High Yield Credit Bond Index
|Barclays Aggregate Bond Index
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