Hedge funds had their strongest month this year, gaining 1.88% in October as optimistic sentiment returned and markets rallied. The MSCI World Index gained 8.62% as the eurozone crisis looked near to a resolution and US economic data was better than expected. Early reports indicate net positive asset flows to hedge funds during the month.
Long/short equity funds gained 4.1% in October, their largest increase since May 2009. All regional mandates finished the month in positive