October Worst Month in Three Years for Hedge Funds

December 9, 2018 James Heinsman Hedge Fund News

Just when hedge fund managers were started to smile again, the market took a nose dive and hedge funds followed.

According to Preqin, a research company on the hedge fund industry, October 2018 was the very worst month for alternative investing vehicles since January 2016.

As a group hedge funds lost 2.35%, on average, in October. In addition, investors pulled their money out during the Q3 to the tune of $4.6 billion. The bad news sets hedge funds back by 0.8% for the year.

“Hedge fund performance was severely impacted by the sell-off resulting from the escalation of trade, political and monetary policy uncertainties,” said Amy Bensted, Preqin’s head of hedge fund research.

Equity strategy hedge funds performed even worse than the general bad performance exhibited by hedge funds, losing ground by 3.3%.

Amy Bensted, Preqin,

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