(Opalesque) Hedge funds continued to face a difficult market environment in October as for a second consecutive month the majority of funds saw performance declines, said a report by eVestment.
According to the report, the average return in the hedge fund industry came in at -0.21% in October. The tough first quarter of the year leading up to the global pandemic and the past two months have left the industry at a just-barely-positive +0.74% return year to date (YTD). This is a stark contrast to the +10.05% return the industry put up for all of 2019.
