Hedge funds as measured by both the Greenwich Global Hedge Fund Index (GGHF) and the Greenwich Composite Investable Index (GI2) declined marginally when compared with global equity returns during the month of October. The GGHFI and GI2 posted declines of -5.06% and -8.53% on the month, respectively, compared to global equity returns in the S&P 500 Total Return (-16.79%), MSCI World Equity (-19.05%), and FTSE 100 (-10.71%) equity indices. Year-to-date, the GGHFI and the GI2 have shed -14.29% and -16.60%, respectively, while the S&P 500 Total Return, MSCI World Equity, and FTSE 100 Indices have lost -32.84%, -39.75%, and -32.21%, correspondingly. 36% of constituent funds in the GGHFI ended the month with gains.