Pivotal Point of View — October 2020

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Pivotal Point of View · October 2020

Pivotal Point of View — October 2020

Published 12 November 2020 · Covers October 2020

Originally issued as October 2020.

For the year, hedge funds are outpacing the S&P 500, the former up 2.0% and the latter up 1.2%. Specifically, in October, the S&P was down 2.8% while the PivotalPath Hedge Fund Composite Index, which is asset-weighted across high-level strategies, was flat. At the fund-level, 55% of managers reported positive performance for the month.

+0.0%Composite, October
+2.5%Composite, year to date
+8.7%Composite, Q4
Equity SectorLeading strategy

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Headline strategy indices

Strategy October Year to date
Equity Sector +1.3% +12.0%
Event Driven +0.4% +1.9%
Multi-Strategy +0.2% +5.4%
Credit +0.1% −0.5%
Equity Diversified −0.2% +2.3%
Global Macro −0.7% −0.5%
Managed Futures −0.7% −4.3%
Volatility Trading −0.8% +7.5%
Equity Quant −1.2% −5.6%

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.

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