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In the week ending 07 November, 2014, hedge funds posted declines for October with the HFRX Absolute Return Index losing -0.35% (-0.15% YTD); The Parker FX Index was up +2.49% for September (+2.64% YTD); The Credit Suisse Liquid Alternative Beta Index gained 0.62% in October (+2.45% YTD); The UCITS Alternative Index Global fell 0.39% (+0.60% YTD YTD).

Goldman Sachs has redeemed all its $285m liquid hedge fund assets; fund managers, flush with $4.7bn in fresh cash, are running out of options to catch up with the S&P’s 500 Index; Blackstone Alternative Alpha Funds announced estimated year-end distribution of $4.00 to $8.00 per share; BlueCrest Capital’s dream of growing in assets will be put on hold due to hundreds of millions of dollars in withdrawals; Unigestion Holding has been paring allocations to equity long-short and event-driven managers; OM Asset Management reported $213.8bn in assets under management as of Sept. 30.

V2 Capital has launched a new hedged equity vehicle, V2 Hedged Equity Fund; and Affin Hwang Asset has launched its first Luxembourg registered UCITS products.

Hermes Investment said it planned to close its commodities business due to difficulties in making returns; Kingsguard Advisors is shutting down after losses in October; Dominique Strauss-Kahn’s hedge fund closed down following partner’ suicide and other complications; and Keith Anderson is closing his hedge fund firm after less than three years.

Some of the biggest hedge fund managers suffered performance losses in October; hedge funds showed their beta as weekly returns rose the past week; a recovery on the stock markets in the second half of October helped some hedge funds bounce......................

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