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Hedge funds added to this year’s gains in October

Reuters – Hedge funds added to their performance gains in October as stock markets continued to rally, boosted by the United States avoiding a default on its debt and further signs the world’s largest economies are growing, new data showed on Tuesday.

According to the SS&C GlobeOp Hedge Fund Performance Index, the average fund returned 1.06 percent last month, bringing year-to-date gains to 9.93 percent.

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