Performance

Absolute return Indices: Futures shine in October's gloom

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CTAs performed exceptionally well in October, rising 3.37% to push year-to-date gains to a median 12.21%. Overall, however, October was another poor month for hedge funds, as the Absolute Return Composite declined 3.30%. Convertible & Equity Arbitrage posted its worst month on record, slipping 14.71%, for a year-to-date loss of 24.65%. Commodities fared slightly better, declining 0.63% for a gain of 11.39% for the year so far. RB


ABSOLUTE RETURN STRATEGY INDICES

Strategy

Oct 08

YTD 08

Arbitrage

-0.46%

2.10%

Commodities

-0.63%

11.39%

Convertible & Equity Arbitrage

-14.71%

-24.65%

Credit

-0.70%

-2.87%

CTAs

3.37%

12.21%

Distressed

-7.94%

-15.95%

Event Driven

-5.60%

-14.99%

Fixed Income

-4.90%

-5.35%

Global Equity

-3.96%

-13.30%

Latin American Debt

0.46%

-1.73%

Latin American Equity

-5.17%

-8.74%

Macro

-0.08%

-3.57%

Mortgage Backed

-0.90%

1.06%

Multistrategy

-6.50%

-11.63%

Technology

-7.13%

-12.61%

U.S. Equity

-5.79%

-13.16%

Absolute Return Composite

-3.30%

-6.76%





ABSOLUTE RETURN COMPOSITE INDEX

Source: Absolute Return