Hedge Funds Lose Ground In October

8 November 2012

Hedge funds, as measured by the Dow Jones Credit Suisse Core Hedge Fund Index, were down 0.47 per cent in October. For the year to 30 October the index saw a positive return of 2.03 per cent.

Of the seven component strategies that make up the index, three - convertible arbitrage, emerging markets and event driven - reported positive results of between 0.75 per cent and 0.48 per cent for the month. Managed futures strategies posted the largest loss at -3.84 per cent for the month and -5.67 per cent for the year-to-date.

The index seeks to measure the performance of liquid hedge fund structures, including managed accounts, using information from multiple managed account platforms.