Performance rebound continues in October


U.S. hedge funds continued their rally in October on the back of strong performance in the technology, global equity and macro strategies. The Absolute Return Composite Index gained an estimated 2.20% in October, its strongest monthly return this year. The Composite is now up 9.35% for the year.

With its strongest monthly performance since February 2000, the Absolute Return Technology Index advanced 4.08%, bringing its year-to-date return to 14.93%. The Global Equity and Macro Indexes were similarly positive, producing monthly returns of 3.99% and 3.30%, respectively.

On the back of strong rallies in the commodity arena, with gold reaching a