Multi-strategy hedge funds end October with gains – sources

NEW YORK (Reuters) – Many of the world’s biggest multi-strategy hedge funds crossed the finishing line of a challenging October for markets with gains, sources familiar with the matter told Reuters.

Multi-strategy hedge funds have a very diverse portfolio, trading assets from equities to currencies and credit in many different ways.

Citadel’s flagship hedge fund Wellington ended October up 1%, while Millennium rose 0.6%, Schonfeld Fundamental Equity gained 1.15% and ExodusPoint advanced 0.69%, according to the sources.

(This story has been refiled to fix the dateline to Nov. 6)

(Reporting by Carolina Mandl, in New York)