Hedge Funds Add 1.2% In Oct.

Nov 5 2013 | 8:13am ET

Hedge funds posted across-the-board, if underwhelming, gains in October, according to an industry benchmark.

Hedge Fund Research's HFRX Global Hedge Fund Index rose 1.2% last month and is up 5.54% on the year. By contrast, the Standard & Poor's 500 Index added about 4.75% in October and is up over 20% on the year.

Each of the 16 strategy and substrategy indices in the HFRX suite were in the black last month, led by master-limited partnerships, which returned 2.31% (20.77% year-to-date). Special situations funds added 2.25% (16.76% YTD), fundamental value funds 2.14% (13.06% YTD), equity hedge funds 1.92% (8.72% YTD), event-driven funds 1.8% (12.87% YTD) and fundamental growth funds 1.64% (2.4% YTD).

Equity-market neutral funds enjoyed an average 1.39% return (0.91% YTD), distressed restructuring funds 0.69% (5.4% YTD), systematic diversified commodity-trading advisers 0.66% (down 3.39% YTD), macro funds and CTAs 0.64% (down 2.06% YTD), credit funds 0.64% (6.36% YTD), merger arbitrage funds 0.5% (3.36% YTD), emerging markets funds 0.36% (1.13% YTD), relative-value arbitrage funds 0.34% (2.07% YTD), convertible arbitrage funds 0.33% (10% YTD) and multi-strategy funds 0.28% (0.45% YTD).


In Depth

Hedge Fund Selection: Sussex Partners’ Patrick Ghali Bullish On The Best Of The Best

Oct 2 2014 | 5:56am ET

Ten years ago, Patrick Ghali and Robin Nydes co-founded Sussex Partners with the...

Lifestyle

Griffin Donates $1M To Rauner's Illinois Gov. Campaign

Sep 22 2014 | 9:29am ET

Hedge fund billionaire Kenneth Griffin definitely has a dog in this fight. The Citadel...

Guest Contributor

Appraisal Ratio Key To Evaluating Hedge Funds And Other New Investments

Sep 29 2014 | 3:07pm ET

As a former finance professor Peter Hecht experiences heartburn every time he hears...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

September 2014 Cover

High frequency market making

High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.