October was a lackluster month for hedge funds, with the HedgeFund Intelligence Global Composite Index down 0.05%. Hedge funds did outperform equity markets, with the MSCI World Index (net) falling 0.68% for the month. On a year-to-date basis, hedge funds are still significantly trailing the double digit gains of their global equity benchmarks.
Hedge fund strategies tracked by Americas-focused Absolute Return that rose for the month included event driven, Latin American equity and multistrategy. On a global basis, the sharpest losses came for managed futures funds; the median fund employing the strategy dropped 3.21% in October. This was the worst start to a final quarter since October 1999, when funds fell 3.27%.
Note: These indices were accurate as of Nov 8. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.
Absolute Return Indices
HedgeFund Intelligence Indices
Median Hedge Fund Returns by region
|MSCI World Index
|Dow Jones Industrial Average
|MSCI Europe Index
|MSCI Pacific Free Index
* total return
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