Hedge funds lost money for the first time since May last month as they finally got long the...

|By:, SA News Editor

Hedge funds lost money for the first time since May last month as they finally got long the stock market just as it was set to struggle. The loss of 0.34% in October brings the average hedge fund gain YTD to 1.85%, according to eVestment HFN, well below the S&P's 14.3% gain.