Thursday, 27 August 2015
Last updated 1 hour ago
Nov 5 2010 | 11:43am ET
Hedge funds followed up their best September ever with further gains in October, according to a trio of early-reporting indices.
The average fund returned between 1.1% and 1.5%, the indices show, bringing year-to-date returns to between 4.2% and 6.7%, depending on how optimistic an index you choose. Hedge Fund Research’s HFRX index rose 1.12% on the month (4.8% year-to-date), the Bloomberg Aggregate Hedge Fund Index added 1.5% (4.2% YTD) and the Credit Suisse Liquid Alternative Beta Index returned 1.14% (3.58% YTD).
“The Credit Suisse Long/Short Liquid Index was the greatest positive contributor for the second month in a row, posting returns of 2.43%, as managers benefited from global equity market rallies,” Credit Suisse’s Jordan Drachman said. “Similarly, the Credit Suisse Event Driven Liquid Index was up 2.17% in October, pushing year-to-date performance into the double digits (up 11.25%). Global Macro was the only sector with negative performance in October finishing down 1.19%."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…