Hedge funds are now negative for the year following stock market sell-off

13 Nov

Hedge funds are now negative for the year following stock market sell-off

CNBC featured eVestment’s hedge fund data in this detailed story on the current state of the industry.

October’s miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year.

Hedge fund returns declined 3.1 percent during the month, according to industry tracker eVestment, the second-worst month since 2011. Equity funds caused the biggest damage, down 4.3 percent, while derivatives fell 3.7 percent and broad multimarket managers saw a decline of close to 2.5 percent.