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

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

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

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...