Hedge funds declined 0.05% in October but beat indices

By Amal Robleh

Thu Nov 8, 2012

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The Absolute Return Composite Index fell an estimated 0.20% based on early reports to the database, now available.

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

Index October YTD
U.S. Equity -0.26% 4.85%
Managed Futures -2.22% -1.66%
Multistrategy 0.47% 6.56%
Event Driven 1.13% 8.07%
Macro -0.77% 2.11%
Latin American Equity 2.61% 9.23%
Composite -0.20% 4.78%

HedgeFund Intelligence Indices
Median Hedge Fund Returns by region

(click for full stats)
October YTD
Asia AsiaHedge
0.58% 3.73%
Europe EuroHedge
-0.10% 3.09%
U.S. Absolute Return
-0.20% 4.78%
0.09% 2.68%
Funds of Funds InvestHedge
-0.60% 1.84%
Global Composite HedgeFundIntelligence
-0.05% 4.10%

Global Benchmarks

Index October YTD
MSCI World Index -0.68% 12.26%
Dow Jones Industrial Average -2.54% 7.19%
S&P 500*
-1.85% 14.28%
NASDAQ Composite -4.46% 14.28%
MSCI Europe Index 1.14% 11.20%
MSCI Pacific Free Index -0.36% 7.66%

* total return

About HedgeFund Intelligence

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 AsiaHedgeEuroHedgeInvestHedgeAbsolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our  databases list information on nearly 15,000 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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