Down October Shaping Up For Hedge Funds

Oct 30 2012 | 3:41pm ET

Even before Hurricane Sandy slammed the nation's financial and hedge fund center, October was shaping up to be a forgettable month for the hedge fund industry.

Bank of America Merrill Lynch said that hedge funds were down 0.45% on the month through Oct. 25, just one trading day before the markets closed in advance of Sandy's arrival. On the bright side, that makes October one of the very few months to see hedge funds top the broader markets; the Standard & Poor's 500 Index, which is up significantly more than the average hedge fund on the year, lost more than 2% in the first three weeks of October.

Long/short strategies are doing best this month, up 0.28%. Commodity trading advisors are the worst, down 3.28%.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...