IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Trump and Lula Discuss Trade, Sanctions, and Security in “Productive” Phone Call 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Tech Stocks Lift S&P 500 as Fed Rate-Cut Expectations Rise 
Oil Prices Slip as Russia-Ukraine Peace Hopes Fade and Oversupply Fears Grow 
Oil Prices Rise as Geopolitical Tensions and Supply Risks Intensify 
South Korea Inflation Edges Up in November as Food and Service Costs Climb 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Hedge fund assets reached a record $4.5 trillion in October, Wells Fargo analysts revealed. Equity Hedge strategies led the surge with a 9.6% gain, fueled by effective stock selection and increased exposure to public markets.
Hedge Fund Assets Hit $4.5 Trillion Milestone in October
According to analysts at Wells Fargo (via Investing.com), hedge fund assets reached a record high in October, surpassing $4.5 trillion. This was driven by robust performance across a number of different strategies.
A year-to-date return of 7.4% was recorded in the HFRI Fund Weighted Composite Index, which contributed to the achievement of this milestone. Equity Hedge strategies emerged as the most successful strategies in this regard.
Equity Hedge Strategies Drive October Success
Equity hedge funds reported a gain of 9.6%, which can be attributable to the efficient selection of stocks and the increased exposure to public markets. Because of the increased dispersion of stock prices, which was a consequence of the increased interest rates and the slowdown in economic activity, an atmosphere that was suitable to active management was formed.
As corporations maneuvered through the process of recapitalization and restructuring, event-driven strategies, particularly those that focused on distressed credit, also performed exceptionally well in terms of returns.
Event-Driven and Long/Short Credit Strategies Shine
A similar approach was taken by long/short credit strategies, which fall under the relative value category. These strategies capitalized on asset pricing dislocations in order to achieve consistent gains with low market correlation.
When compared to this, macro techniques, particularly systematic approaches, encountered difficulties as a result of the frequent reversals in market trends that occurred across a variety of asset classes.
Analysts Forecast Continued Strategy Growth
It is anticipated by analysts that particular strategies, such as equity hedge – directional, event driven – distressed credit, and relative value – long/short credit, would continue to reap benefits from the larger economic and market recovery.
