Opalesque Industry Update: The Dow Jones Credit Suisse Hedge Fund Index posted
its largest monthly gain since April and finished up 1.73% in October. A new
monthly commentary offers insight into hedge fund performance through the month of
October. Some key findings from the report include:
Equity and credit based strategies such as long/short equity, emerging
markets, event driven, and distressed were some of the top performers in October.
However, the strategies remain in negative territory year-to-date;
Tactical trading managers showed a bifurcation in performance as global
macro managers posted positive performance while, on the purely systematic side,
managed futures funds posted negative performance, largely due to losses from
trend-following models; and
On the relative value front, fixed income arbitrage managers posted a small
gain despite the volatile interest-rate environment while convertible arbitrage
and multi-strategy managers benefited in part from their equity and credit
components....Full performance table: Source