Eureka: Hedge Funds Up 1%, Asia Especially Strong

Oct 10 2012 | 1:02pm ET

Hedge funds—especially those trading in Asia—were up last month, although with the exception of Asian funds badly lagged the broader markets.

The Eurekahedge Hedge Fund Index rose 1.02% in September to close out the third quarter up 4.23% for the year. By contrast, the Standard & Poor's 500 Index is up some 15%.

Not all strategies disappointed, however. Indian hedge funds jumped 8.02% on the month, with Asia ex-Japan funds adding an average of 4.11% overall.

Eurekahedge added that all regions saw positive asset flows in August.

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