In the first two weeks of October there was a sharp decline in momentum that hurt many of systematic hedge funds, but the trend largely reversed in the last two weeks and most funds finished flat or slightly up for the month. That’s according to Deutsche Bank's Global Prime Finance Monthly Hedge Fund Trends report for November 2015, which says the firm expects further market volatility driven by weak macro conditions, uncertainty around the Fed rate hike, and continued regulatory scrutiny on M&A activity. All strategies significantly underperformed both the S&P 500 (+8.3 per cent) and the MSCI World Index...