Newedge: CTAs Up 2.74% In Oct.

Nov 17 2010 | 3:34pm ET

October was a good month for commodity trading advisers, according to research firm Newedge Group.

The Newedge CTA Index added 2.74% on the month and is up 9.02% on the year. That figure is well ahead of the average hedge fund's returns, according to a series of industry indices.

Trend-followers did best on the month, adding 5.12%. Short-term funds, by contrast, lost 0.49%.

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