©Reuters. FILE PHOTO: A stock trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 17, 2022. REUTERS/Brendan McDermid

NEW YORK (Reuters) – Global hedge funds were up 2% in October, helped by a rally in stock markets and a combination of higher inflation and interest rates, data provider HFR said in a statement on Monday.

Stocks, event-driven and macro hedge fund indices have risen over the past month, according to HFR, eclipsing two-thirds of…