Hedge Funds
An odd returns dispersion has occurred over the past months, a Credit Suisse report notes. Hedge funds generally had difficulty in August and September as the stock market faltered but when markets rebounded in October, many well-known hedge funds once again lagged the indexes. Citing the CSAM Hedge Fund Master’s index gain of 0.5 percent in October, the report noted how such hedge fund performance lagged significant gains in other benchmarks, For instance, the MSCI World Equity Index was up 7.8 percent over the same period, while high yield credit default swap index CDX HY was up 3.3 percent and...