Hedge funds posted their first negative quarterly return for the year in Q3, 2019 with the Preqin All-Strategies Hedge Fund benchmark losing 0.21% .

Among single manager fund types, CTAs produced the highest return (+1.37%), compared with the significant gains of 2.81% made by their multi-manager counterparts, said Preqin.

Although in Q3 the Preqin All-Strateg