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Alternative Market Briefing

Hedge fund indices post worst returns in October since 2011

Thursday, November 22, 2018

B.G., Opalesque Geneva:

Two months shy of the year-end, hedge funds have averaged poor performance after a period of volatility and equity market declines (except for Latin American hedge funds which did well in the wake of the Brazilian election). This is a time of opportunity for strategies that can gain in "turbulent circumstances."

According to Singapore-based data cruncher Eurekahedge, hedge funds were down -2.15% for the year so far, their weakest performance on record since 2008 when they declined -9.55% in the first 10 months. The Eurekahedge Hedge Fund Index declined -2.27% throughout October in what turned out to be the worst month for the global hedge fund industry since 2011.

Chicago-based indexation and research house HFR reported the HFRI Fund Weighted Composite Index® (FWC) had fallen by nearly 3% in October, bringing the year-to-date (YTD) return to -1.66%.

Research house Preqin says that the Preqin All-Strategies Hedge fund benchmark returned -2.35% in October, bringing the YTD figure down to -0.78%. October's figures are the lowest for hedge funds since January 2016. This has increased the challenge for fund managers to attract inflows, following net outflows for the industry in Q3 o......................

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