Hedge Funds Boom In October

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).


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of