Woodbine Adds 1.44% In Oct.

Nov 13 2012 | 12:03pm ET

Suffering, like many quantitative hedge funds, from mediocre performance all year, Woodbine Capital Advisors is trying to end 2012 with a bang.

The hedge fund rose 1.44% last month, ValueWalk reports. The gain leaves the fund up just 3.01% on the year, but it was in the face of a nearly 2% drop for the Standard & Poor's 500 Index in October.

Woodbine's returns last month were driven by its bets on European stocks, Spanish bonds, Brazilian interest rates and the U.S. dollar.

Going forward, Woodbine is stick with those investments. It is also adding to its holdings in Asia.

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