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Greenwich Global Hedge Fund Index up 1.86% (est.) in October, 7.36% YTD

Wednesday, November 06, 2013
Opalesque Industry Update - Stronger equity market performance in October helped the Greenwich Global Hedge Fund index increase 1.86% for October 2013. Despite an early market selloff due mostly to the US debt concerns, the resolution of the Government Debt Crisis and continued bond buying by the FED helped the S&P 500 increase +4.46% hitting a new closing high of 1757 at month end.

Long-Short Equity was the best performing strategy in October up 2.18% closely followed by Multi-Strategy up 2.00%.

All eight major hedge fund strategies ended October firmly in positive territory. Futures funds had their first good month of the year adding 1.90% in October to bring their year-to-date return to -1.69%.

Year to date, Global Hedge Funds are up 7.36%. Long-short Equity continues to be the best performing strategy (+11.96%) followed by Event Driven funds (+11.24%).

Press release

www.greenwichai.com

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