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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