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October 2024 Update

Gains varied from a net loss of 3.5% to a net gain of 1.3% among the funds, while the S&P500 total return index lost 1% for the month.
 
Funds Available
  • Energy Sector LS: Fundamental, AUM US$ 1.2 billion. Net gain of 0.6% for October 2024
  • Asia Equity LS: Fundamental, AUM US$ 2.2 billion. Net gain of -0.3% for October 2024
  • Middle East North Africa Equity LS: Fundamental, AUM US $1.0 billion.  Net gain of -0.8% for October 2024
  • Biotech Sector LS: Fundamental, AUM US $400 million. Net gain of 1.3% for October 2024
 
Funds CBMA
  • North America Equity LS: Multi-strategy, AUM US$ 250 million.  Net gain of -1.3% for October 2024
  • VIX Arbitrage: Quantitative, AUM US$ 110 million. Net gain of -2.3% for October 2024
  • Global Equity LS: Fundamental, AUM US$ 2.0 billion. Net gain of -1.3% for October 2024
  • Macro Hybrid: Macro & Special Situation, AUM US $ 350 million. Net gain of -3.5% for October 2024
 
For reference, the average net return of the 8 profiled funds was -1.0% in October 2024.  Keep in mind that
  • A diversified hedge fund investment portfolio includes at minimum 20-30 hedge funds. Averaging over 8 funds is not meaningful
  • Initial selections include volatile gainers. You must use small allocations and hold them through losses if you choose to invest
  • Do not focus on short-term over or underperformance, and Hedge funds usually lag the index in raging bull markets

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