October has turned out to be – finally – a month of respite, with only global macro funds of funds down by 1.94% on the month, taking their year-to-date returns to -3.83%.
The rest of the global funds of funds were up by 0.61% in October, according to the InvestHedge Composite. For the year, the median performance was still -3.27%. Global multi-strategy was in close parallel to the composite up 0.55% for the month and returned -3.06% for the year. For the year, the worst-performing strategies were Asia Pacific funds of funds (down 6.02%),