Hedge funds edged higher in October, building on positive momentum and increased exposure to risk and returning 1.80% overall, according to the Lipper Hedge Fund Composite Index.
October’s return brought year-to-date performance to a positive 5.13%. After holding the top spot in September the Long-Bias strategy performed solidly in October, returning 2.78% month on month, and 8.06% year to date.
In line with emerging stock market performance the Emerging Markets strategy posted a healthy return for October of 2.28% month on month, 7.36% year to date.
Emerging-markets strategies benefited from stock market rallies in all of the emerging regions.
©2010 funds europe
