Dow Jones Credit Suisse Hedge Fund Index Adds 1.04% in Sept.

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.


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Editor's Note