Friday, 29 May 2015
Last updated 3 min ago
Nov 12 2007 | 3:48pm ET
Hedge funds are on pace for their best year in four after a banner October.
Hedge funds were up 3.32% last month, according to HedgeFund.net. The HFN Hedge Fund Aggregate Average is up 12.42% in the first 10 months of the year; it was up 11.99% all of last year.
As usual, emerging markets led the way returning 5.01% in October. It is the top-performing strategy year-to-date at 22.22%. Energy sector and CTA/managed futures funds followed, at 4.31% (17.99% YTD) and 4.16% (10.84% YTD), respectively. Long/short funds added 3.86% (14.78% YTD), and macro funds 2.98% (11.32% YTD). The worst performing strategy on the month was convertible arbitrage at 1.52% (6.23% YTD).
Regionally, Asia was the strongest on the month at 3.83% (18.37% YTD). Year-to-date, Latin America remains tops at 24.31% after a 3.22% return in October while U.S. hedge funds added 3.11% (10.92% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…