(Opalesque) Hedge Funds gave up 3.06% in October according to the Barclay Hedge Fund Index compiled by BarclayHedge, versus a 6.84% decrease in the S&P 500 Total Return Index. Year to date, the Barclay Hedge Fund Index is down 1.90%, while the S&P has gained 3.01%.
“Slowing growth, rising interest rates and trade wars contributed to the largest monthly decline in the S&P 500 since September 2011,” says Sol Waksman, founder and president of BarclayHedge. “US equity markets lost approximately $2 trillion in value during the month.”
Barclay Hedge Fund Index down 3.06% in October (-1.90 YTD)
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