Loeb, Einhorn, Cohen, Ackman Gain In October

Hedge funds continued their streak of positive returns this month. After recording a gain of +0.96% on the HFRX Global Hedge Fund Index in September, the index rose 1.2% in October, pushing up the year to date gain to +5.5%. Hedge funds returns boost Some major hedge funds recorded gains in the last month, as S&P 500 (INDEXSP:.INX) collected a 4.5% gain in the period, boosting its overall return for the year to +24%. Despite being embroiled in the biggest insider trading scandal of its history, Steve Cohen’s SAC Capital gained 1.3% in the last month, pushing up its returns to +15.95%,…