Saturday, 25 October 2014
Last updated 22 hours ago
Oct 16 2012 | 7:39am ET
The HFRX Global Hedge Fund Index rose 0.39% in September, bringing its year-to-date gains to 2.69%.
Most of the strategies tracked by Hedge Fund Research were in positive territory in September, with equity hedge funds up 0.78% (3.40% YTD); event-driven funds up 0.67% (4.90% YTD); and relative value funds up 0.43% (2.80% YTD). Macro funds and CTAs, on the other hand, were down 0.52% on the month (and down .89% YTD).
Within the broader category of equity hedge, the best performers in September were multi-strategy funds, up 1.47% (2.32% YTD). The best-performing event-driven strategies were activist funds, up 1.32% on the month (7.02% YTD). Although macro/CTA funds were down overall, there were bright spots, including metals funds, which added 7.43% on the month (but are down 1.86% YTD). In the relative-value space, the best performing funds were fixed-income asset-backed strategies, up 2.12% on the month (19.62% YTD).
In terms of regions, the best performers in September (by far) were India funds, up 10.30% (21.90% YTD). The worst performers were multi-region funds, down 0.06% (but up 3.06% YTD).
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.