Funds of funds enjoy some respite in October thanks to a rally in global equity markets


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 3.78% on the month, leaving year-to-date numbers at -5.44%. Archstone Partners was up 3.75% taking year-to-date figures to -3.48%, and Meridian Diversified gained 3.21%, leaving