New York (HedgeCo.net) – The Dow Jones Credit Suisse Core Hedge Fund Index was up 1.85% in October as five out of seven strategies posted gains.

“Event Driven was the highest performing sector last month as many managers restructured their portfolios to reduce exposure to softer ‘catalyst’ situations, such as management changes and litigations. “Oliver Schupp, President of Credit Suisse Index Co., LLC, said, “These situations were drivers of underperformance in September. Meanwhile, Managed Futures, the best performing strategy in September, was the worst performer in October as trends reversed against many short equities, short commodities and long fixed-income positions.”

The Dow Jones Credit Suisse Core Hedge Fund Index provides the benefit of daily valuations which enable investors to track the impact of market events on the hedge fund industry.