Horseman, CQS Up Double-Digits In October

Nov 7 2011 | 1:32pm ET

Two prominent London hedge funds are among the few to ride last month's equity market rally.

Horseman Capital and CQS both posted double-digit returns in October, a month that saw the Standard & Poor's 500 Index jump 11%. Horseman's Global Fund soared 18.5% last month, erasing its year-to-date losses and leaving it up 6.89% for the year, Reuters reports. The fund benefited from its investments in luxury goods companies and Chinese banks.

Meanwhile, CQS's flagship Directional Opportunities Fund leapt 13.8% last month. The US$1.3 billion fund returned 31.4% last year.

Directional Opportunities is managed by CQS founder Michael Hintze.

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