Hedge funds returned an average of 1.22 per cent in October and are up 7.18 per cent YTD in 2017, according to eVestments’ latest Hedge Fund Industry Report.

Eighty per cent of the industry is positive in 2017, with average gains from those funds in the black nearing 12 per cent. In October, the hedge fund industry returned an average of +1.22 per cent, bringing year-to-date (YTD) returns to +7.18 per cent. 
 
Managed futures funds had one of their best months ever in October, returning +3.76 per cent for the month. At +2.25 per cent, YTD returns still lag many other strategies, however.
 
China-focused hedge funds are leading the industry thus far in 2017, returning +3.64 per cent in October and +29.26 per cent YTD.