Hedge Funds Gain Modest 0.76% In September

Oct 5 2012 | 10:41am ET

Hedge funds gained 0.76% in September, according to early data from eVestment|HFN, putting their year-to-date gains at 5.05%.

All but one of the seven strategies tracked by eVestment|HFN ended the month in positive territory, led by long/short equity funds, up 1.60% (6.17% YTD). Event driven/distressed funds were up 0.93% in September (5.47% YTD), convertible arbitrage funds were up 0.88% for September (7.00% YTD), multi-strat funds were up 0.80% for the month (3.48% YTD), market neutral equity funds added 0.51% for the month (2.40% YTD) and macro funds were up 0.36% for the month (2.43% YTD).

The only losers were managed futures funds, which shed 0.49% in September and are now up 0.97% YTD.

In terms of regions, emerging Europe and India funds posted the biggest monthly gains of 4.27% and 4.19%, respectively.

Small funds, those managing less than $250 million, outperformed both mid-sized (between $250 million and $1 billion) and large funds (over $1 billion). Small funds added 0.86% in September, while mid-sized funds added 0.34% and large funds added 0.60%. YTD, however, large funds have a slight edge over their small rivals, having added 5.30% to their 5.25%.

eVestment|HFN puts total hedge fund industry assets under administration at $2.6 trillion. Fixed-income/credit strategies had the highest inflows in September at $12.81 billion.

The proprietary eVestment|HFN research database contains  information on 22,600 hedge funds, funds of hedge funds and CTA products, including 8,300 active funds and $1.7 trillion in active strategy assets.

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