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Friday, November 06, 2009
Hedge Funds Lost 0.05% In October, HFR Says
By Alistair Barr
MarketWatch Pulse
SAN FRANCISCO -- Hedge funds generated a small loss on average in October as this year's rally in equity and credit markets took a breather towards the end of the month, Chicago-based Hedge Fund Research said Friday. HFR's main hedge fund index declined 0.05% in October, according to early reports from managers. Short-biased managers, who mainly bet against stocks and other securities, returned 3.92% on average last year, making them the biggest gainers, HFR said. Global macro hedge funds, which bet on broad economic and market themes, lost 0.77% on average, making them the worst performers, HFR added.
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