GLOBAL - The CSFB/Tremont Hedge Fund Index fell -0.04% in October following losses at Beacon Hill Asset Management's Bristol Fund.
Emerging markets was the month’s top performer, up 2.38%.
“October performance reflects the ongoing effect of the Bristol Fund’s devaluation, which affected the CSFB/Tremont Fixed Income Arbitrage category somewhat, but because the Index provides broad diversification across more than 400 funds, the impact is slight,” said Oliver Schupp, president of the Index.
“Hedge funds continued to provide the power of diversification to portfolios,” he added.
“Amid the turbulent equity markets over the past three years, hedge funds have shown remarkable stability with very low volatility.”
Year-to-date, dedicated short bias strategies provided the best returns, up 20.56%.
Performance for the CSFB/Tremont Hedge Fund Index and the nine style-based sector indices is calculated monthly.
October, September and year-to-date 2002 returns for all categories are listed below and at www.hedgeindex.com.
The Pensions Regulator (TPR) has granted 11 master trusts extensions to apply for authorisation, as it confirms it has received 22 applications ahead of the 31 March deadline.
Aegon Master Trust, Fidelity Master Trust and Ensign have sent off their authorisation applications to The Pensions Regulator (TPR).
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
Aberdeen Standard Investments (ASI) and Gresham House are to team up to form a joint venture.