Hedge Funds Add 3.48% In September

Oct 7 2010 | 1:46pm ET

Hedge funds enjoyed their best month of the year in September, rising 3.48%, according to the Hennessee Group.

Despite that optimistic report, hedge funds weren’t able to fully capitalize on the strongest September in more than 70 years for the Standard & Poor’s 500 Index and Dow Jones Industrial Average. The latter added 8.9% last month, but still trails the Hennessee Hedge Fund Index, which is up 4.7% in 2010, for the year.

“Hedge funds had their best month since May of 2009 and continue to outperform the broad market year-to-date,” Hennessee’s Charles Gradante said. “While managers are concerned about elevated macroeconomic risks, we are beginning to see growing optimism about the equity markets in the short term.”


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of