Thursday, 11 February 2016
Last updated 6 min ago
Oct 8 2010 | 11:43am ET
The average hedge fund returned 1.97% last month, according to the Lyxor Hedge Fund Index.
September's performance, the year's strongest, pushed the index to 2.82% for the year.
Special situations funds enjoyed the best month, rising 4%. Equity long-bias funds also did well during the best month for the Standard & Poor's 500 Index and Dow Jones Industrial Average since the Great Depression, adding 3.91%. Global macro funds rose an average of 2.47%.
Given the stock market rally, it's no surprise to see short-bias hedge funds take the biggest hit in September. The average short hedge fund lost 7.96% on the month.