Final performance for the Dow Jones Credit Suisse Hedge Fund Index has been confirmed up 1.92 per cent in October and 8.02 per cent year-to-date.

Nine out of ten sectors posted positive performance for the month.

Managed futures was the top performing sector in October, finishing up 4.29 per cent as trend followers capitalised on positive commodity market performance driven by the prospect of quantitative easing and concerns over limited sugar and wheat supplies.

Long/short equity and emerging markets funds also posted gains of 2.00 per cent and 2.21 per cent, respectively, as equity markets continued to rally in October.

Dedicated short bias fell by 3.60 per cent in October and is down 11.28 per cent YTD.