Hedge Funds Down 0.56% In October

Nov 7 2012 | 8:04am ET

Hedge funds slipped 0.56%, on average, in October, according to the Greenwich Global Hedge Fund Index.

Results were mixed for the month, with half of the eight strategies tracked by the index posting losses, and half gains.

Arbitrage strategies were the best performers of the month, adding 0.51% (7.70% year to date), while futures posted their third straight monthly loss, down 3.37% in October (and down 3.44% YTD).

The other winners were event-driven strategies, up 0.30% for the month (7.08% YTD); long/short equity, up 0.11% for the month (5.59% YTD) and long/short credit, up 0.09% for the month (8.95% YTD).

Also in the red for the month were macro funds, down 1.01% (but up 1.87% YTD); multi-strategy funds, down 0.65% (up 4.18% YTD); and equity market neutral funds, down 0.42% (up 1.53% YTD).

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note