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B. G., Opalesque Geneva: "October offered equity traders a moment's respite from the otherwise relentless flogging it has had on offer throughout 2022," said Ben Crawford from hedge fund data provider BarclayHedge. "Wasting no time, risk appetites rebounded and the valuations of equities and other risky assets broadly recovered some of their lost ground." The Barclay Hedge Fund Index was up 2.3% that month and down 9.3% YTD.
The Barclay Equity Market Neutral index fared better, returning 0.55% and 2.2% YTD. A market-neutral strategy seeks to profit from both increasing and decreasing prices in one or more markets while attempting to completely avoid some specific form of market risk.
Chessica LP, a market-neutral hedge fund, returned 5.8% in October and almost 10% YTD - annualising 11.8% since its early 2010 inception.
In October, the manager was very cautious about the market's volatility and said he suspected that stocks would correct upwards despite the economic and geopolitical factors.
"The bleeding we saw in August-September was too much and too quick," Alex Rabinovich, managing director of US-based Chessica Management Group, LLC said in a recent note to investors seen ...................... To view our full article Click here
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