A return dispersion in October is making it among the most difficult months for hedge funds, notes a Credit Suisse analyst, with long / short hedge funds being particularly hard hit based on their sector strategy.
![CS 10 26 2 cross market contagion](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20923%20269'%3E%3C/svg%3E)
Sector rotation in part responsible for long / short strategy negative returns
It was sector rotation that was responsible for equity long / short hedge fund underperformance in October, as the hot strategy turned in cold performance, as previously noted in ValueWalk.
The rotation started with losses from underweight...
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