Thursday, 27 October 2016
Last updated 5 hours ago
Nov 10 2009 | 12:35am ET
Hedge funds were relatively flat in October, with the Bloomberg Aggregate Hedge Fund Index up a mere 0.1% for the month (12.81% YTD).
Meanwhile, the Bloomberg Emerging Market Equities Strategy was the best performer in October, up 2.4% from the previous month. Managers shorting the dollar and holding long positions in emerging markets stocks posted an average gain of 18%. Managers with this strategy are up 40% YTD, while the MSCI EM (Emerging Markets) Index is besting that figure and is up 64.31%.
And the worst performers? CTA/Managed Futures programs tanked in October, finishing down -5%.
Finally, the Bloomberg Aggregate Fund of Hedge Funds index performed slightly better than the overall hedge fund universe, up 0.6% in October and 8.2% YTD.
The S&P 500 and the Dow Jones Industrial Average are up 17.06% YTD and 10.68%, respectively.
Bloomberg currently tracks 5,727 hedge funds and 4,904 funds of hedge funds.
Bloomberg Hedge Fund Indices
|Oct.||YTD||1 YR||3 YR|
|Aggregate Hedge Fund||0.1||12.8||12.5||-0.4|
|Aggregate Fund of Hedge Fund||0.6||8.2||5.9||2.2|
|Emerging Market Equity||2.4||40.4||30.7||-4.1|
|Equity Statistical Arbitrage||1.3||14.7||19.1||9.7|
|Emerging Market Debt||0.8||22.8||19.9||7.1|
|Fixed Income Arbitrage||0.7||6.7||2.1||-3.1|
|Capital Structure/Credit Arb.||0.4||30.9||21.4||-1.9|
|Equity Fundamental Mkt. Neutral||0.3||19.4||17.4||7.1|
|Mortgage Backed Arbitrage||0.1||34.0||23.3||11.2|
|Short Bias Equity||-0.2||-2.2||1.2||8.5|
|Long Bias Equity||-2.2||27.1||22.8||1.0|
|* Source: Bloomberg
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