Tuesday, 2 June 2015
Last updated 2 min ago
Oct 5 2006 | 2:53pm ET
The MSCI Hedge Invest Index posted its third-straight positive month in September, though returns for the month were less than half that of August. After an ugly May and June, when the index dropped 1.08% and 1.27%, respectively, the fund posted positive returns of 0.22% in July, 0.43% in August and 0.18% last month, pushing the year-to-date return to 3.29%. Still, on the year it badly lags the Standard & Poor’s 500, which has returned better than 7%.
In spite of the overall positive return, only three of MSCI’s eight strategy indices were in the black in September, led by long-bias, which was up 1.06%. Event-driven (0.68%) and convertible arbitrage (0.6%) also finished in the black. Equity non-directional and discretionary trading led the losers, with those strategies down 0.8% and 0.78%, respectively.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…