•  
• Tweet
•  
•  
•        Print
•  
•        Email
•  
•         Track Keywords

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.