European hedge funds had a miserable October, according to the latest figures from TARA. The TARA European Hedge Fund Benchmark was down ...

European hedge funds had a miserable October, according to the latest figures from TARA. The TARA European Hedge Fund Benchmark was down 1.69 per cent in the month, although year-to-date it is up 7.42 per cent. Of the component strategies, the only one to show a positive return in the month was European relative value, up 0.02 per cent in the month, although this strategy is only up 3.93 per cent year to date. The worst performing component was European multi-strategy, which lost 1.89 per cent during the month, although year to date this is the second highest performer at 8.43 per cent. European long/short came in at -0.82 per cent in the month, by is the highest returning strategy year to date with 10.37 per cent. The event driven component delivered –1.8 per cent in the month and 5.18 per cent year to date. The TARA European Hedge Fund Benchmark is derived from the TARA Capital database of more than 300 European focussed hedge funds. TARA define a European hedge fund as a fund that invests the majority of its assets in European instruments or markets.