Opalesque Industry Update - Hedge funds reversed their four month losing streak with the Eurekahedge Hedge Fund Index up 1.33%1 in October while the MSCI World Index2 climbed 7.22% during the month. On a year-to-date basis, hedge funds are up 1.77% while underlying markets as represented by the MSCI World have gained 1.40%. October was dominated by resurgence in equity markets across the board as investor sentiment showed signs of improvement, helped largely by accommodating views aired by key central banks. The ECB and BOJ in particular remain dovish, reiterating their intent to meet their inflation targets as part of their broader strategy to support growth in their respective economies. On the other hand, the Fed appears to be hinting at a long overdue rate hike in December which seems likely given the encouraging employment numbers coming out from the US as well as the stabilising outlook overseas - mainly China which appears to have weathered the worst for the moment. Key takeaways for the month of October 2015:
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Industry Updates
Asia ex-Japan leads with 6.94% YTD as hedge funds end losing streak
Wednesday, November 11, 2015
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