October wasn’t that bad a month for hedge funds after all, says a new prime brokerage report from Morgan Stanley reviewed by ValueWalk.
Hedge funds’ median returns up 0.08%
Shrugging off mid-month drawdowns, hedge funds generally appeared to end the month in positive territory, with median returns up 0.08 percent. Year to date most funds are trailing the stock market, up just 1.79 percent year to date, based on Morgan Stanley data. Most funds were able to hold on to their long positions and benefited from a rebound.
Long/short hedge funds see a rebound in October
Information technology was the best performing sector for the month basis the spread between long and...
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