Hedge Funds Add 1.04% In September

Oct 23 2012 | 8:27am ET

Hedge funds ended September on a positive note, up 1.04% as measured by the Dow Jones Credit Suisse Hedge Fund Index.

Eight of the 10 strategies tracked by the index ended the month in positive territory.

Both event-driven funds and long/short equity funds generated positive performance in September: the former thanks to a demand-driven rally in the credit and equity markets, the latter thanks to the performance of large-cap banks as well as consumer discretionary and healthcare plays. September was the fourth consecutive positive month for long/short funds.

Outflows for the month totaled an estimated $1.5 billion, bringing overall assets under management in the industry to about $1.7 trillion.

The most popular strategies—measured by the assets they attracted during the month—were fixed-income arbitrage and equity market neutral, which saw inflows equal to 0.95% and 0.71%, respectively, of their August 2012 levels.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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