Merger Arbitrage and L/S Credit stay afloat in October

(Opalesque) Hedge funds were down -1% last week as market conditions took a turn for the worse. This brought the monthly performance of the Global Lyxor Peer Group in October to -0.5% (vs. -3.0% for the MSCI World). Strategies with a higher market beta such as Special Situations and Directional L/S Equity underperformed (-0.8% and -0.6% respectively in October)

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