Bloomberg – Hedge funds rose 1.5 percent in October, reaching the highest level in more than two years as global equity markets rallied, according to data compiled by Bloomberg.
The Bloomberg aggregate hedge fund index increased to 117.13 last month, the highest level since August 2008. The index peaked at 130.38 in July 2007. Long-short equity funds, whose managers buy stocks likely to rise and sell short those they expect to fall, gained 2.1 percent last month and 6.8 percent this year.
