Friday, 22 August 2014
Last updated 4 hours ago
Oct 17 2007 | 8:10am ET
Hedge fund returns were strong in September, according to the latest figures from Hedge Fund Research.
The firm’s HFRI Fund Weighted Composite Index added 2.82% last month, and is up 14.8% year-to-date. Its Fund of Funds Composite Index rose 2.12% (8.09% YTD).
Emerging markets remain by far the best performing strategy in 2007. HFRI’s E.M. index rose 4.6% to reach 20.06% on the year. That’s better than twice the year-to-date return of the next-best strategy, equity hedge, which returned 3.27% in September and is up 9.87% year-to-date. Macro fund also enjoyed a strong month, rising 3.52% (7.98% YTD).
None of the strategies tracked by HFRI were in the red last month or year-to-date. Event-driven is up 1.88% in September (7.49% YTD), convertible arbitrage 1.64% (4.78% YTD), merger arbitrage 1.35% (7.21% YTD), relative value arbitrage 1.24% (6.42% YTD) and distressed securities 0.6% (5.38% YTD).
Meanwhile, preliminary figures from another indice show that September’s hedge fund rally boosted managers all around the world.
The Eureakahedge Hedge Fund Index rose 3.4% last month, while Asia ex-Japan funds enjoyed the best returns for the month, adding 6.1%. Japan funds, for their part, rose 1.1%.
North American hedge funds returned 3% on the month. European hedge funds were also up, but just by 0.3%.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note