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Hedge fund advanced in October with CTA funds in the lead supported by higher commodity prices

Wednesday, December 01, 2021
Opalesque Industry Update - Hedge fund managers ended the month of October up 1.35% on an equal-weighted basis, and up 0.89% on an asset-weighted basis, said Eurekahedge.

Risk assets rallied during the month driven by strong corporate earnings, a continuation of accommodative monetary policy and pick-up in economic activity, despite persistent inflationary pressure.

On a year-to-date basis, global hedge funds were up 9.59% over the first 10 months of 2021, on track to record their second consecutive year of double-digit performance.

Returns were positive across geographic mandates in October with the exception of Latin American hedge funds which were down 3.24%.

North American hedge funds were in the lead with a return of 2.31% - followed by European hedge funds which gained 0.64% during the month.

Across strategies, all mandates except fixed income were in positive territory. CTA/Managed future hedge funds outperformed their peers with their 2.34% return, supported by higher commodity prices.

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