Hennessee: September Worst Month For Hedge Funds In Decade

Oct 3 2008 | 2:56pm ET

The numbers are not in yet, but the Hennessee Group said today that hedge funds will likely experience their worst month in over a decade. 
 
Charles Gradante, managing principal, said the average hedge fund is expected to be down between 5% and 9% for the month.

The Hennessee Group attributes hedge funds’ poor performance to the ban on short selling, credit restrictions and counterparty concerns, fear, and reduced net and gross exposures.

“The significant losses in September for the hedge fund industry are disappointing, but we feel that funds performed as expected as they outperformed the broad equity markets on a relative basis,” said Gradante. 

However, Gradante remains optimistic overall.

“This could be one of the best buying opportunities for hedge funds in a decade,” he said. 


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 

From the current issue of