Hedge fund returns were largely in the red for October, with some similarities and differences in the monthly reports from two major reporting firms. The hedge funds administered by Citco recorded a second straight down month with an overall weighted-average decline of 0.4%, which matched September’s decline.
Meanwhile, the hedge funds tracked by PivotalPath were down 0.9% in October, bringing their year-to-date return to 3.6%. However, the PivotalPath Composite Index continues to generate positive alpha versus the S&P 500, at 3.2% over the last 12 months.
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