Most US hedge funds lost out in Oct
last month, but it is still up 11.3 percent for the year, according to a person familiar with the numbers.
While hedge funds, in general, battled to make gains in October, some continued to record solid performance in the month.
Jason Mudrick's Mudrick Distressed Opportunity Fund, one of the year's best performers, gained 0.7 percent in October. The fund is up 18.8 percent for the year.
Mark Carhart, who used to run Goldman Sachs' Global Alpha Fund, told clients that his Kepos Alpha Fund gained 2.9 percent in October, and is up 15.5 percent net of fees this year.
And the Hutchin Hill Capital Master Fund climbed more than 4.2 percent last month, helping the portfolio hit yearly gains of about 7.62 percent, according to an investor note.
PAULSON'S MIXED BAG
For some investors, like John Paulson, October was another month of mixed returns.
Paulson & Co's Advantage Plus fund, a portfolio that slumped more than 50 percent last year, lost 3 percent and is now down 17 percent in 2012. But Paulson Enhanced, a fund that aims to make money on companies involved in mergers, climbed 1.46 percent in October, and is now up 10.8 percent for the year, the best performer in the billionaire investor's lineup.
His gold fund, which scored huge gains only a few years ago, tumbled 6.8 percent, and is now off 10 percent for the year. But his Credit fund rose 3.83 percent in October, and is up 6 percent for the year.
The Credit funds benefited primarily from gains in convertible
Be the first to comment.
