The Dow Jones Credit Suisse Core Hedge Fund Index rose 0.47% in September, with five of the seven tracked strategies ending the month in the black.
Long/short equity funds turned in the best performance for the month, adding 2.43%, putting them up 2.05% year to date. Next came event-driven strategies, adding 1.46% in September (3.49% YTD); followed by convertible arbitrage funds, up 0.30% in September (and 5.90% YTD); and fixed-income arbitrage, up 0.26% for the month (1.73% YTD).
The only losing strategies in September were managed futures, which shed 2.72% (and are now down 1.90% YTD) and emerging markets, which lost 0.37% on the month (and 0.11% YTD).
The Dow Jones Credit Suisse Core Hedge Fund Index seeks to measure hedge fund industry performance by sourcing funds from multiple managed account platforms.