Hedge funds have posted their sixth monthly loss in 10 months in October 2014, according to Preqin’s Hedge Fund Analyst.
The industry has struggled to deliver absolute returns against a backdrop of market volatility, as well as concerns surrounding the impact of the end of the Fed’s quantitative easing program. CTAs were also down for the month, ending their 6 months of consecutive gains but are still outperforming the main hedge fund benchmark for the year so far.
Other Key October Performance Facts:
– The Hedge All Strategies and Regions benchmark was down 0.45% in October, bringing the YTD return to 2.92%.
– The October 2014 YTD benchmark trails October 2013 YTD by 6.66 percentage points (2.92% compared to 9.58%).
– Event-driven strategies generated a loss of 1.40%, following on from its loss of 2.04% last month.
– Activist hedge funds delivered gains this month, posting 0.93% returns in October.
In August, Mohnish Pabrai took part in Brown University's Value Investing Speaker Series, answering a series of questions from students. Q3 2021 hedge fund letters, conferences and more One of the topics he covered was the issue of finding cheap equities, a process the value investor has plenty of experience with. Cheap Stocks In the Read More