Thursday, 29 January 2015
Last updated 50 min ago
Oct 8 2009 | 1:22am ET
Hedge funds enjoyed their seventh-straight winning month with a big September, according to data from Hedge Fund Research.
The firm’s HRFI Fund Weighted Composite Index rose 3.02% last month. It is up 17.21% year-to-date.
Emerging markets funds did best in September, soaring 6.21% (35% year-to-date), as Russia and Eastern Europe funds rose 10.7%, Latin America funds 7.8% and Asia ex-Japan funds 4.4%. Distressed-debt funds were the strongest September performer among the non-regional subindices with a 5.13% return. Event-driven funds also did well, rising 4.24%.
Short-biased funds did the worst in September as global equities markets rallied. The HFRI short-bias index fell 4.88% on the month—the only strategy in the red. Short-sellers are down nearly 20% this year.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…