Hedge fund managers up 0.40 per cent in October following a flat Q3, says Eurekahedge
Hedge fund managers kicked off the fourth quarter on a positive note following a flat Q3, with the equal-weighted index up 0.40 per cent and the asset-weighted index up 0.82 per cent in October, according to data released by Eurekahedge.
The resumption of the US-China trade talks provided support for global equity and bond markets throughout the month. Returns were positive across major regions and strategies over the first ten months of the year.
Hedge fund launch activities continued to lag behind fund closures, as the global hedge fund industry is on track to record a fourth consecutive year of net population decline. 502 launches and 548 closures have been recorded as of October 2019 year-to-date.