that end, October was a successful month in that regard. During the month of October, roughly 70% of our Managers were positive. Gains were led by Algorithmic Pattern Recognition, European Power Trading, and Equity Statistical Arbitrage. Option Volatility Arbitrage, Fixed Income Relative Value, and FX Statistical Arbitrage s

e product even at the expense of higher risk/volatility. During the month of November, roughly 65% of our Managers were positive. Gains were led by Algorithmic Pattern Recognition and Machine learning Statistical Arbitrage. Short-term Activism was also a positive contributor. Fixed Income Relative Value and Soft Commodities T