Thursday, 24 July 2014
Last updated 9 hours ago
Oct 15 2012 | 11:15am ET
The Dow Jones Credit Suisse Hedge Fund Index gained 1.04% for the month of September, putting it up 5.61% year to date.
The gains were led by emerging markets funds, which were up 2.21% for the month (0.02% YTD); followed by distressed debt funds, up 1.78% for the month (and 8.28% YTD); and event-driven multi-strategy funds, up 1.62% for the month (6.70% YTD).
Also posting gains in September were long/short equity funds, up 1.57% in September (up 5.97% YTD); fixed-income arbitrage funds, up 1.26% for September (up 8.82% YTD); multi-strategy funds, up 0.80% on the month (8.23% YTD); global macro funds, up 0.60% on the month (3.28% YTD); equity market neutral funds, up 0.56% for the month (0.02% YTD); and convertible arbitrage funds, up 0.40% (5.86% YTD).
There were only two losing strategies in the index this month, dedicated short bias funds, down 3.78% for the month (and down 17.56% YTD); and managed futures funds, down 1.37% for the month (but up 0.12% YTD).
The Hermitage Fund was dropped from the Dow Jones Credit Suisse Hedge Fund Index in September.
The Dow Jones Credit Suisse Hedge Fund Index is an asset-weighted benchmark that seeks to measure hedge fund performance and provide the most accurate representation of the hedge fund universe.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…