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Australian Fund Monitors Hedge Fund index up 1.74% (est.) in October (+4.71% YTD)

Wednesday, December 01, 2010
Opalesque Industry Update - The past week has seen a continuation of the broadly positive results from Australia's absolute return and hedge fund sector, and with 94% of single funds' October returns recorded, the average performance (non-weighted) was +1.80% for the month.

Both year-to-date and over the past 12 months the sector has significantly outperformed what is shaping up to be a pretty lacklustre year for the ASX 200.

Of interest is that there is not much difference between the performance of equity and non equity results both for October, YTD, and over the past 12 month. When looking at individual strategies there is little difference either, although Commodities/CTA at +3.02% and Managed Futures at +2.7% were the best performers in October.

Over the past 12 months Absolute Return Long Only Equity funds performed best at +13.29%, in a significant outperformance to the ASX200 and reflecting a flat market where specific stocks and sectors have significantly rewarded concentrated funds, and those managers who have proven to be good stock pickers. Full performance table:Source
PD

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