Hedge funds as measured by the Greenwich Global Hedge Fund Index moved higher for their fourth straight month in October to reach new highs for the year. All major Greenwich hedge fund strategy groups advanced during the month as a result of strong corporate earnings in equity markets and planned quantitative easing from the Federal Reserve. The GGHFI gained 2.35% compared to global equity returns in the S&P 500 Total Return (+3.80%), MSCI World Equity (+3.65%), and FTSE 100 (+2.28%) equity indices. 86% of constituent funds in the GGHFI ended the month with gains.