For the full month of September, the MSCI World was down almost 4 per cent, following a near 7 per cent fall in August, i.e. a cumulated loss over 10 per cent in August and September.PARA_BREAK_SENTINEL_9f8e7d6c

For the full month of September, the MSCI World was down almost 4 per cent, following a near 7 per cent fall in August, i.e. a cumulated loss over 10 per cent in August and September. In this risk off environment, 10y Treasury yields fell to around 2 per cent by the end of September and equity volatility spiked. But, says Philippe Ferreira, hedge funds have shown resilience during this volatile period…