eVestment: hedge funds go negative in October
13 November 2018 London
Image: Shutterstock
Performance challenges in the global hedge fund industry continued in October, according to the latest eVestment hedge fund performance data.
The industry’s aggregate performance of -3.10 percent for the month dragged year-to-date (YTD) performance into the red at -2.55 percent and October was the second lowest month in performance since September 2011.
eVestment said: “The search for bright spots in the industry was difficult in October as almost every hedge fund primary market and primary strategy was in the red for the month, although many are still in positive territory YTD.”
It added: “October’s fund performance and resulting impact on YTD performance are in stark contrast to the largely positive results hedge funds saw in 2017 and 2016.”
eVestment found among primary markets, foreign exchange/currency hedge funds returned 1.04 percent in October, with YTD performance at 1.83 percent.
Hedge funds focused on Brazil delivered strong performance in October at 12.99 percent, bringing these funds’ performance into the green for the year at 0.75 percent.
Funds focused on India, China and Russia, however, continued their negative trajectory in October and YTD.
The industry’s aggregate performance of -3.10 percent for the month dragged year-to-date (YTD) performance into the red at -2.55 percent and October was the second lowest month in performance since September 2011.
eVestment said: “The search for bright spots in the industry was difficult in October as almost every hedge fund primary market and primary strategy was in the red for the month, although many are still in positive territory YTD.”
It added: “October’s fund performance and resulting impact on YTD performance are in stark contrast to the largely positive results hedge funds saw in 2017 and 2016.”
eVestment found among primary markets, foreign exchange/currency hedge funds returned 1.04 percent in October, with YTD performance at 1.83 percent.
Hedge funds focused on Brazil delivered strong performance in October at 12.99 percent, bringing these funds’ performance into the green for the year at 0.75 percent.
Funds focused on India, China and Russia, however, continued their negative trajectory in October and YTD.
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