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