JP Morgan Prime Brokerage: Global Macro Was The Only Strategy To Deliver Positive Returns In Oct

It is no secret that 2015 has been a tough year for hedge funds, but the latest research just shows how hard it is for funds as the year draws to a close. According to J.P. Morgan's Prime Brokerage report dated December 15, 2015, during November, global macro was the only major fund strategy segment to deliver positive returns. With aggregate month-over-month gains of 2.07%, global macro funds delivered their strongest performance since January. Equity hedge strategies were flat-to-down (-0.07%), while event driven fell -0.54% and relative value declined -0.64%. These results are the complete opposite to the figures reported for October. In October, all of the major hedge fund strategy segments except global macro posted gains.