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.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…