The RBC Hedge 250 Index had a net return of 0.61% in September bringing its year-to-date returns to 4.52%.
Fixed-income arbitrage funds led the gains, adding 2.11% on the month (and 15.38% YTD); followed by mergers and special situations, up 1.53% on the month (6.68% YTD); and credit funds, up 1.17% on the month (6.26% YTD).
Also rising in September were equity long/short funds, up 1.00% on the month (and up 5.22% YTD); convertible arbitrage funds, up 0.71% on the month (5.14% YTD); multi-strategy funds, up 0.61% on the month (6.39% YTD); and equity market neutral funds, up 0.50% on the month (0.79% YTD).
The only negative performances in September were turned in by managed futures, down 1.38% on the month (and down 1.47% YTD) and macro funds, down 0.14% for September (but up 0.52% YTD).
The RBC Hedge 250 Index is a non-investable benchmark of the performance of the hedge fund industry based currently on a universe of 4,353 single-manager hedge funds with aggregate assets under management of $1.041 trillion.