Funds of funds enjoy some respite in October thanks to a rally in global equity markets

Mon Dec 5, 2011



October saw investors back in 'risk on' mode, and global equity markets staged a powerful rally, while credit also showed signs of recovery. Many of the well-known funds of funds managed to capture some of this upswing, although generally year-to-date returns still remain dismal, with the global multi-strategy median now standing at -3.06% for the year.

JP Morgan Progressive Multi-Strategy was up 4.57% to take year-to-date figures to -0.81%, while Haussmann Holdings gained 3.78%...

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