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From Precy Dumlao, Opalesque Asia:
All hedge fund styles proved profitable in October as the industry returned another positive month, according to Man Group, one of the world's largest listed hedge fund providers with $66bn in funds under management, according to its website.
In a statement, Man attributed the strong performance with the positive risk appetite on the expectation of an imminent announcement of further quantitative easing (QE2) by the U.S. Federal Reserve.
Anthony Lawler, Head of Portfolio Management at Man's multi-manager business, said,
"Hedge funds posted another month of positive returns across all styles in October, with managed futures and global macro in particular continuing to deliver strong performance." Equity hedged also performed well as the continuing equity rally provided a tailwind to returns.
According to Man Investments' October report on the hedge fund industry Man on the Month, managed futures managers were the outperformers as trend followers capitalised on strong market trends, and profits were pushed by long exposure to commodities, helped by the weakened U.S. dollar.
Man believes that there are "rich opportunities" in global macro and managed futures, as well as in emerging markets for managers who trade actively - rather than directionally. The outlook for fundamental L/S credit managers is also positive, "given the high disp...................... To view our full article Click here
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