Hedge Funds Lose 0.15% In October

Nov 16 2012 | 8:36am ET

Hedge funds slipped 0.15% in October, putting their year-to-date gains at 4.32%, according to the RBC Hedge 250 Index.

Of the nine strategie tracked by RBC, three ended the month in the red, led by managed futures, down 1.83%; macro strategies, down 1.36%; and equity long/short funds, down 0.14%.

The big winners in October were merger arbitrage funds, up 2.11%. These were followed by credit strategies, up 0.88%; mergers and special situations funds, up 0.60%; fixed-income arbitrage, up 1.30%  equity market neutral, up 0.35%; and multi-strategy, up 0.26%.

The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry based on a universe of 4,314 hedge funds (excluding funds of hedge funds) with aggregate assets under management of $1.054 trillion.

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