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Dow Jones Credit Suisse Hedge Fund Index up +1.73% in October (-1.53% YTD)

Tuesday, November 22, 2011
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
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