Hedge funds were down -1% last week as market conditions took a turn for the worse. This brought the monthly performance of the Global Lyxor Peer Group in October to -0.5% (vs. -3.0% for the MSCI World).

Strategies with a higher market beta such as Special Situations and Directional L/S Equity underperformed (-0.8% and -0.6% respectively in October), while CTAs an