Australian hedge funds rose marginally by 0.09 per cent in October, bringing their year-to-date performance to 14.85 per cent, according to Australian Fund Monitors.

Hedge funds performed less well than the previous month, when they rose by 2.20 per cent.

Equity based funds rose by 0.11 per cent in October (21.17 per cent YTD), while non-equity based funds rose by 0.05 per cent (6.77 per cent YTD).

Fund of funds increased by 0.19 per cent in October (5.37 per cent YTD) and single funds rose marginally by 0.07 per cent (18.01 per cent YTD).

The best performing strategies in October were equity market neutral (2.61 per cent), multi strategy (1.08 per cent), volatility (0.90 per cent), fixed income (0.81 per cent) and event driven (0.79 per cent).

The best strategy over the last 12 months has been volatility, up by 49.36 per cent.