Hedge Funds Had a Washout Third Quarter

Is Greece coming back to haunt the financial markets? “Hedge funds are in the red for the quarter, the first negative quarter for the All Regions and Strategies Hedge Funds benchmark since Q2 2012, when concerns surrounding Greece leaving the Eurozone caused equity markets to tumble,” says Preqin’s Quarterly Update on hedge fund performance for the third quarter 2014. The star strategy was CTA – returning +5.52% during the quarter and +7.13% year-to-date – presumably benefiting from the huge trends in the strengthening dollar and weak crude oil. CTAs shine “This is the strategy’s best quarterly performance since Q4 2010…