Hedge Funds Fall 5% In Third Quarter

Oct 4 2011 | 12:43pm ET

August was the worst month for hedge funds in almost three years, and September wasn't much better, capping off the worst quarter for the industry since the height of the financial crisis.

The average hedge fund slipped 2.31% last month, Bank of America's Hedge Fund Monitor shows. That leaves the average fund down 5.02% in the third quarter, the worst such figure since the third quarter of 2008, when the average hedge fund lost 9.48%.

Long/short hedge funds were hardest hit in September, shedding 4.76%. Commodity trading advisers, with flat returns, were the best on the month.

The BofA report blamed the European debt crisis and a collapse in commodities prices for the losses.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note