Hedge funds gained 2.19 per cent in October according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index rebounded in October after four months of losses, and is now up 0.69 per cent in 2015.
“A global rally in equities fuelled by continued easing in the US, Europe and Japan, together with stabilising economic signs from China helped propel the S&P 500 to a gain of 8.30 per cent in October, its strongest showing since October of 2011 when it gained 10.9 per cent,” says Sol Waksman (pictured), founder and president of BarclayHedge.
Fifteen of Barclay’s 18 hedge fund indices had gains in October. Equity Long Bias jumped 3.75 per cent, Emerging Markets were up 3.35 per cent, Technology gained 3.08 per cent, Pacific Rim Equities added 2.27 per cent, the Merger Arbitrage was up 1.70 per cent, and Event Driven rose 1.60 per cent.
In the loss column, Equity Short Bias Index dropped 5.14 per cent, European Equites were down 0.34 per cent, and the Distressed Securities Index gave up 0.31 per cent.
At the end of October, Merger Arbitrage has gained 6.31 per cent year to date, Pacific Rim Equities are up 6.26 per cent, Technology has gained 5.67 per cent, the Equity Market Neutral Index is up 4.68 per cent, and Healthcare and Biotechnology are up 2.87 per cent.
The Distressed Securities Index has lost 6.73 per cent in 2015, Equity Short Bias is down 4.19 per cent, the Event Driven Index has lost 1.81 per cent, and Emerging Markets are down 1.79 per cent.
The Barclay Fund of Funds Index gained 0.96 per cent in October, and is up 0.30 per cent in 2015.
