Hedge funds edged higher in October, building on positive momentum and increased exposure to risk and returning 1.80 per cent overall, according to the Lipper Hedge Fund Composite Index.
October’s return brought year-to-date performance to a positive 5.13 per cent.
On a rolling-period basis year-on-year performance at the end of October came in at a healthy 6.13 per cent.
Managed futures (+3.04 per cent) ranked at the top of the monthly performance league table for October.
After holding the top spot in September the long-bBias strategy performed solidly in October, returning 2.78 per cent month on month and 8.06 per cent year to date.
In line with emerging stock market performance the emerging markets strategy posted a healthy return for October, up 2.28 per cent month on month and 7.36 per cent year to date. Emerging markets strategies benefited from stock market rallies in all of the emerging regions.
Multi-strategies consolidated September’s gains, delivering a healthy 1.50 per cent month on month (+5.21 per cent year to date).
Managers in fixed income arbitrage (+1.05 per cent month on month) benefited from US curve-steepening trades as the longer end of the US Treasuries yield curve rose 31 basis points (bps).
Davidson Kempner's research led approach
Partner and Head of Research at Davidson Kemper, Suzanne Gibbons, on building a global research function, embedding AI, and capitalising on…
More
Brevan Howard Digital's CIO on what it actually takes to run digital assets
Chris Rayner-Cook is clear about what running digital assets actually asks of a manager, and it is less about the instruments than most…
More
Where deep modelling meets mortgage credit
Greg Valli has been part of two of the three decades of Ellington Management Group. During that period, the firm has enjoyed a rapid rise…
More