Lyxor: Hedge Funds Rise For Fifth Straight Month In Oct.

Nov 11 2010 | 2:05am ET

Hedge funds returned 1.44% in October, according to the Lyxor Hedge Fund Index.

The investible index is up 4.3% this year. Returns last month were powered by commodity trading advisers, which added 3.21%; global macro funds, up 3.03%; and long/short credit arbitrage funds, up 2.16%. It was the Lyxor index’s fifth consecutive month in the black.

On the other hand, short-bias funds dropped 2.21% in the face of a market rally that pushed the Standard & Poor’s 500 Index up 3.69% in October.


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