Hedge Funds Add 0.39% In September

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).


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Editor's Note