Monday, November 14, 2011
Hedge Funds Rebound on Equity Market Gains; Barclay Hedge Fund Index Up 3.73% in October
FAIRFIELD, Iowa, November 14, 2011 – Hedge funds gained 3.73% in October, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index is down 3.44% in 2011.
“After five long consecutive losing months which saw the S&P 500 decline 16.2 percent, investors switched into risk-on mode and the S&P soared to a 10.93 percent gain in October, its best monthly return since December 1991,” says Sol Waksman, founder and president of BarclayHedge.
Read the entire Hedge Fund Press Release by clicking here.
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