Nearly 80% of hedge funds made money in the third quarter, though global stocks did even better.
|Source: Absolute Return reporting, the HedgeFund Intelligence database, HSBC Private Bank|
Hedge funds turned in another steady third quarter, according to HedgeFund Intelligence data, putting the industry in a strong position to close out profits in the final months of the year.
Some 79% of funds were positive in the quarter, more than double the ratio from the same period one year earlier. The Absolute Return Composite rose 2.22%, and is now up 4.93% for the year. All but one of the 16 underlying