Hedge Funds Mostly In The Red In October, But There Is One Standout

October could end up being a largely negative month for hedge funds with one notable exception.

In the latest hedge weekly it is easier to count the small number of winners in the HSBC weekly survey of performance than it is to count the endless losers. If one takes out the managed futures performers – a hedge fund category that is overwhelmingly positive in October – hedge fund losers outnumber winners by nearly 4 to 1.

Pershing Square leading hedge funds

The red numbers posted in October extend to Pershing Square, which has been atop the leader board for most of the year. The hedge fund apparently discovered some strong...