Global hedge funds performed better despite weak equity markets in the run-up to the Presidential elections in the US and a depressed global commodities market, Hedge Fund Research said in a note. But a wide divergence was seen between big funds and small firms due to market uncertainty, indicating size mattered amid volatility. The HFRI Asset weighted composite index rose 0.61% in October, its fourth consecutive monthly gain. The HFRI fund weighted index declined by 0.61% but still outperformed both US and global equities by 120 and 140 basis points, respectively, for October. Event-driven funds thrived, reflected in the 6.79% increase in the HFRI event-driven index.

Source: Mint November 08, 2016 19:09 UTC