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Global macro, event-driven, and commodity hedge fund strategies delivered weighted average returns of 4.1%, 3.7%, and 3%, respectively, for the third quarter, based on funds managed by Citco Group. Almost three-quarters, or 74%, of event-driven funds produced a positive return. Multistrategy, fixed income arbitrage and equities posted negative returns.
Overall, 50.8% of funds had a positive return in the third quarter, versus 32.8% in the second quarter. Nonetheless, hedge funds had negative net inflows for the…
