The Edhec Alternatives Index is reporting an overall positive October for hedge funds, as only three strategies lost money in the month.
October was yet another month with a calm market environment for stocks, Edhec said. Trading volume was stable, returns were slightly positive and even though levels of implied volatility were rising, this was from historically low levels in September.
Lower in October were Convertible Arbitrate (-0.45%), Short Selling (-0.89%) and Equity Market Neutral (-0.07%) strategies. Rising up in October were CTA Global (3.81%), Emerging Markets (1.73%) and Distressed Securities (1.55%) strategies.