Saturday, 10 October 2015
Last updated 19 hours ago
Nov 8 2007 | 7:39am ET
A pair of hedge fund indices shows that the industry’s summer of suffering has definitively come to an end.
Hedge funds enjoyed their best monthly returns in almost two years in October, with the Eurekahedge Hedge Fund Index rising 3.6% and Hedge Fund Research reporting a 3.2% average return. Last month was the strongest for both since January 2006.
Emerging markets continued their hot run, rising 5.2% in October, according to HFR. Long/short managers returned 3.5% last month. Year-to-date, hedge funds are up 12.3%.
Eurekahedge said long/short and commodity fund managers benefited from rising equities, oil and gold markets.
Regionally, Asia ex-Japan funds enjoyed a strong month, according to Eurekahedge, rising 4.7%. North American hedge funds added 2.7%, European 2.1% and Japanese 0.6%.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…