Reuters – Hedge funds fell 0.5 percent on average in October, the industry’s first loss in five months, hedge fund tracking data published on Wednesday showed.
Funds lost money last month as the S&P 500 sank 2 percent. Still, the benchmark S&P 500 Index had risen as much as 16.55 percent this year as of September 14, when it reached its 2012 closing high of 1,465.77.
