Hedge Fund Performance Commentary

The Eurekahedge Hedge Fund Index was up 0.31% in October, trailing behind the MSCI ACWI (Local), which ended the month up 1.93% over the same period. The resumption of the US-China trade talks resulted in a partial trade agreement between the two largest economies. The positive development prompted President Trump to postpone the scheduled tariff hike on Chinese goods, which boosted US and Asian equities during the month. In the UK, the region’s equity market underperformed their global and EU peers despite the 3-month Brexit extension granted by the EU lawmakers, as a result of the stronger British pound. Government bond yields strengthened over the month, supported by investors’ risk-on sentiment combined with the Fed’s less dovish remark as they signalled a pause in cutting rate for the foreseeable future.

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