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.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers