Key Points
LONDON, Nov 16 (Reuters) - Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked a hefty stocks rally, a Goldman Sachs (GS.N) note showed...
Systematic traders making long and short equities bets were down 1.2% on the day but are still on average up 14% for the year to November 14, said the note written that day but shared with Reuters this week...
Stockpicking hedge funds that actively chose bets managed to gain 0.6% on Tuesday and are now poised for their best month since January this year, said Goldman Sachs...
All hedge fund strategies as a group were down on average 0.58% in October, and up 3.75% for the year to end-October, a separate BNP Paribas (BNPPL.UL) note to investors on November 14 showed...
