Friday, 28 August 2015
Last updated 17 min ago
Nov 7 2012 | 1:49pm ET
Hedge funds in October lost as much as they had gained the prior month, according to one prominent industry benchmark, leaving them up an average of just 2% on the year.
The Dow Jones Credit Suisse Core Hedge Fund Index fell 0.47% last month, cutting its year-to-date return to 2.03%. By contrast, the Standard & Poor's 500 Index lost almost 2% in October but remains up more than 10% on the year.
Four of Dow Jones' seven strategy benchmarks lost ground last month. Managed futures took the biggest hit, falling 3.84% (down 5.67% year-to-date). Long/short equity funds shed 0.75% (up 1.28% YTD), global macro funds 0.51% (up 4.32% YTD) and fixed-income arbitrage funds 0.04% (up 1.69% YTD).
On the other side of the ledger, event-driven funds added 0.75% (4.27% YTD), convertible arbitrage funds 0.61% (6.55% YTD) and emerging markets funds 0.48% (0.37% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…