October- Hedge Funds Lost 1.9 per cent

//October- Hedge Funds Lost 1.9 per cent

October- Hedge Funds Lost 1.9 per cent

Hedge funds lost 1.9 percent last month as global stocks slumped after companies reported earnings that spurred concern.

 

(Bloomberg) Multi-strat, global macro (BBHFMCRO) and long-short equity managers all fell, according to data compiled by Bloomberg.
“There were plenty of headwinds out there  the S&P was down, that weighed on equities in total and most of the long- short equity players,” said Charles Mires, director of fixed income and alternative strategies at Franklin Street Partners Inc., the $2 billion Chapel Hill, North Carolina-based wealth manager and fund of funds.

2012-11-10T05:12:30+00:00

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