Look On The Bright Side: Hedge Funds Beat The Equity Market In October

It's no secret that October was a difficult month for equity markets around the globe, but there is some good news for hedge fund investors. In general, data from Eurekahedge shows that funds did indeed hedge their bets fairly successfully, limiting their investors' losses from the equity carnage.

Eurekahedge index down in October

The Eurekahedge Hedge Fund Index declined 2.27% last month, outperforming the MSCI World Index, which fell 7.33% in October. Final numbers for September point to performance-based gains of $7.8 billion and net asset outflows of $8.4 billion.

Eurekahedge's preliminary October numbers suggest $20.7 billion in performance-based losses and $17.9 billion in net asset outflows. These numbers would bring the total assets...