Equity hedge and distressed the places to be in anaemic October

It has been hard recently to find many hedge fund strategies performing well, according to Sandra Manzke, founder and chief executive officer of Tremont Capital Management, which advises Matrix Capital Management on funds of hedge funds.

Manzke was joined in her assessment during October by International Asset Management (IAM), whose Andrew Gibson described the month as "a seesaw month for world equity markets. The [then] upcoming [US] presidential elections, oil prices, China's decision to r