(Hedgeweek) The hedge fund industry saw its lengthy run of positive performance taper off in October, as funds recorded net returns of just 0.01 per cent, according to data released by Preqin. Most leading strategies recorded modest gains, with credit strategy funds returning 0.84 per cent, and relative value funds returning 0.49 per cent.
However, equity and event driven strategy funds both saw losses, returning -0.27 per cent and -0.26 per cent respectively, contrasting with their position as the highest-performing leading strategies in September.
