MSCI Reports October Hedge Fund Figures

November 15, 2002 ( - The Morgan Stanley Capital International (MSCI) Hedge Fund Composite Index is up year-to-date 1.4%, after October's increase of 0.2%.

The MSCI Hedge Fund Composite Index is composed of five equally weighted process group indices:   the Directional Trading, Relative Value, Security Selection, Specialist Credit and Multi-Process indices.  

The best performing index so far in the year, the MSCI Direction Trading, was down -2.8% in October, but remains up 8.5% year-to-date.   Conversely, the worst year-to-date performer, the MSCI Security Selection Index, was up 1.0% in October, with year-to-date return now at -2.9%.

Get more!  Sign up for PLANSPONSOR newsletters.

October also saw gains made in the MSCI Relative Value Index, up 0.5% and the MSCI Specialist Credit, up 1.1%.  Year-to-date the funds are up 5.0% and 1.5%, respectively.

Additionally, the Multi-Process Group Index was also up in October with a 0.8% gain, but is down year-to-date -1.2%.  

Other MSCI indices had mixed results in October.   The MSCI World Equity Index was up 7.3% for the month, but down year-to-date -21.1%.   The MSCI World Sovereign Debt Index declined in October -0.4%, but is up year-to-date 13.8%.

October index return numbers are based on funds reporting through November 13, 2002.   Further information on MSCI indices or MSCI data can be found at the Web site at .