Hedge Funds Add 1.05% In September

Oct 8 2013 | 8:11am ET

Hedge funds added 1.05% in September, and their assets under management are poised to hit record highs by the end of 2013.

Hedge fund industry AUM now stands at US$1.91 trillion, according to Eurekahedge, and assets in long/short equity strategies have surpassed US$600 billion for the first time since 2008.

As for performance, all but one of the strategies tracked by the data provider ended September in the black, led by long/short funds, up 2.10% on the month (9.00% year to date). Event-driven funds were up 1.90% on the month (7.38% YTD), distressed debt funds up 1.54% on the month (11.25% YTD), multi-strategy funds up 1.41% (3.65% YTD), fixed-income funds up 1.04% (4.07% YTD), relative-value funds up 1.01% (3.47% YTD) and arbitrage funds up 0.79% (4.89% YTD).

The only losers were CTA/managed futures strategies, down 0.72% on the month  and 3.23% YTD.

Hedge funds from all regions were in positive territory in September, led by Eastern Europe and Russia  funds, up 5.92% on the month (but down 0.57% YTD). Asia ex-Japan funds were up 2.81% (5.90% YTD), Japan funds were up 2.69% (21.25% YTD), emerging markets funds were up 1.92% (1.93% YTD) and Latin American, North American and European funds were all up 1.43% (0.37%, 6.13% and 4.95%, respectively, YTD).

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Editor's Note