October Was Best Month For Hedge Funds In Almost Two Years

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%.


In Depth

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

The Life Settlement: Yield For The Investor And Cash For The Consumer

Mar 31 2015 | 6:48am ET

Investors are languishing in a yield-starved, low-interest rate environment, looking...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…

Editor's Note