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From Precy Dumlao, Opalesque Asia:

Princeton, New Jersey-based Raging Capital Fund LLC, with a little more than $80m in AuM, continued its positive roll this year with an impressive 2.5% gain in October, its Chairman & Chief Investment Officer William C. Martin reported.

Year-to-date, the fund returned 28.4% and has since posted 235.3% gains from its inception in April 2006.

Raging Capital's performance follows the industry-wide trend of strong performance last month which saw hedge funds rally to a two-year high as the average hedge fund (HFRI Weighted Composite Index) gained 2.34% in October (+7.14% YTD), with broad-based gains and positive contributions from all main strategy areas.

Industry tracker Hedge Fund Research (HFR) said that macro strategies posted the biggest gains in October as the HFRI Macro (Total) Index gained +2.70%. Commodity and metals exposure had the most positive influence on macro performance, contributing to gains across all macro sub-strategies; currency exposure also had a strong positive contribution. Systematic strategies outperformed discretionary macro strategies, but both posted gains for the month with the HFRI Macro: Systematic Diversified Index gaining +3.62% for the month.

Other indices likewise returned ......................

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