Reuters – All hedge fund strategies with the exception of short sellers posted gains in October, with emerging markets and technology showing gains of more than 5 percent last month, industry figuresreleased on Wednesday showed.
Hedge funds that invest in emerging markets in aggregate showed gains of 5.17 percent in October, with those investing in Asia in particular posting gains of 6.16 percent, according to Hedge Fund Research (HFR), which aggregates data from thousands of hedge funds.
Funds specializing in technology investment posted the second-best performance of 5.86 percent in October, HFR said.
Short sellers, however, were down 0.03 percent that month, HFR said in its monthly statistics.
While the 9,000 or so hedge funds trade myriad strategies in all securities, a large proportion of them tend to be long equities, hedged by smaller short positions. Overall, the Standard & Poor’s 500 index <.SPX> was down only slightly for October, with emerging markets indices posting generally strong gains.
