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Article: Hedge Funds Post Gains in October; Average U.S. Hedge Fund Earns 1.7% Net of Fees.
- Article from:
- Business Wire
- Article date:
- November 8, 2002
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Business Editors
NASHVILLE, Tenn.--(BUSINESS WIRE)--Nov. 8, 2002
The Average U.S. Hedge Fund gained an estimated 1.7% net of fees in October, according to Van Hedge Fund Advisors International, Inc. (VAN), a global hedge fund advisory firm. Based on the preliminary October report, the Average U.S. Hedge Fund has lost -2.0% net during the first ten months of 2002. By comparison, the S&P 500 returned 8.8% in October but has lost -21.8% for the year to date.
"So far, we're seeing a fairly wide range of October hedge fund returns but most are positive," stated George Van, Chairman of VAN. "The stock market rally of last month produced a more ...