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Research Perspective Vol. 64

Strong performance from hedge funds was prolonged during the first two weeks of October and managing to keep their profits will bring their record to a year without losses. This month began with the Catalan independence referendum, which saw over 90% of people expressing their desire for independence, but was suspended by the Constitutional Court of Spain. Volatility remained low, but this did not prevent U.S. stocks from running into new records and treasury yields increasing. Meanwhile, emerging markets are experiencing large outflows as an aftermath to FED’s meeting last month. Equity hedge and specifically fundamental growth strategies inaugurated October...