October Hedge Fund Returns Boosted By Small Caps: JPM Prime Brokerage

October witnessed broad-based gains in hedge funds with 1.48% in the aggregate and 7.19% for year-to-date.

Alessandra Tocco and team at JPMorgan Chase & Co. (NYSE:JPM) in their recent report on ‘Prime Brokerage Global Hedge Fund Trends’ point out the solid performance posted by the hedge funds are the best witnessed since 2009.

Major hedge fund strategies post good performance

JPMorgan Chase & Co. (NYSE:JPM)’s report points out all of the major hedge fund strategies posted positive returns in October, with equity long short delivering 1.80%, while event driven strategies leading with 1.5% returns. In the aggregate, global macro posted positive gain of 1.09%, which is the first positive...