It has been 10 years since the hedge fund industry was rocked like it was last month, and managers of all sizes took it on the chin. However, not all strategies were in the red.

The figures are in and they aren’t pretty. The Hennessee Hedge Fund Index declined 6.24% in September (-10.28% YTD).

Deals involving asset managers rose during the third quarter, with the global credit crunch serving as the backdrop for a jump in divestitures to almost 40% of total sales, up from 23% a year earlier.

Investor and regulatory pressure will cause the hedge fund industry to be more transparent about its operational controls with investors, according to a new PricewaterhouseCoopers report.

The numbers are not in yet, but the Hennessee Group said today that hedge funds will likely experience their worst month in over a decade. 

A majority of institutional investors think global regulators should permit short-selling of financial stocks, but most large companies support the ban imposed earlier this month.

Despite housing and credit problems worldwide, the combined wealth of Asia-Pacific's millionaires increased 12.5% to US$9.5 trillion last year.

Managed futures held steady in August with a small gain of 0.11%, according to the Barclay CTA Index. Year-to-date, the index is up 7.17%.

Barely any hedge funds are currently doing well enough to collect performance fees, a new survey shows.

Market volatility claimed more than 300 hedge funds in the first half, and the difficult conditions also reduced the number of new hedge funds to debut.