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BofA, Merrill Lynch Hedge Fund Monitor (Oct. 19, 2009)

Hedge funds continued their winning run, gaining another 0.72% on the week ending October 14 and are up 1.2% MTD, according to analysts at Merrill Lynch.

Performance remains robust after a strong September (2.5%) with all strategies we track on a daily basis positive MTD.

Hedge funds have already gained for 7 straight months and are up 14.5% YTD. At the current pace they are on target for an annualized return of 19% -- the best this decade, according to the BofA/Merrill Lynch Hedge Fund Monitor. Convertible Arbitrage and Event Driven are the biggest winners YTD (see pp 15-16). Equity L/S is the best performers so far in Oct (1.58%). See Full Report below.

BofA/Merrill Lynch Hedge Fund Monitor Oct 19 2009