Hedge Funds Surge In September

Oct 10 2007 | 7:09am ET

Hedge funds rebounded nicely from the summer of subprime in September, posting one of their best months in a decade.

Following last month’s big losses, hedge funds rose 3.27% last month, according to HedgeFund.net’s HFN Hedge Fund Aggregate Index. It was the largest monthly increase in four years, and the second largest in eight. The index is now up 9.4% YTD.

What’s more, the gains were broad-based, with just one strategy—short-bias (down 2.45% in September, down 1.43% year-to-date)—in negative territory for the month. In fact, strategies hardest hit in August performed the best in September.

CTA/managed futures funds rebounded nicely, leading the way with a 6.15% return (up 7.11% YTD). Energy sector and emerging markets funds rose 4.99% (13.95% YTD) and 4.6% (16.79% YTD), respectively. Long-only and long/short equity funds enjoyed the month as well, adding 3.15% (10.55% YTD) and 2.98% (10.66%).

On the other hand, distressed managers rose just 0.57% last month, but are still down 2.06% year-to-date.

Regionally, Latin America funds remained the top-performing strategy overall, adding 3.83% last month to reach 20.81% year-to-date. Asian funds added 4.33% and are up 14.84% year-to-date.

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…