Hedge Funds Up In September

By ExpatBriefing.com Editorial 09 October, 2013

September was a month of growth for hedge funds around the world, with HFRX Global Hedge Fund Index up 0.96 percent, according to Hedge Fund Research, the compiler of the index.

Special situations funds led the strategies tracked by the HFRX suite, with an average increase of 2.96 percent (14.19 percent in the year-to-date). Fundamental growth funds grew by an average of 2.11 percent in the month and 0.74 percent in the year-to-date (YTD).

Event-driven funds, equity hedge funds and fundamental value funds grew 2.1 percent, 1.36 percent, and 1.1 percent respectively. Their year-to-date growth rates were 10.87 percent, 6.67 percent and 10.69 percent respectively.

The best-performing strategy in the year-to-date was master-limited partners, with an 18.03 percent growth (up 0.89 percent in the month). Credit hedge funds rose 0.53 percent in September and 5.68 percent in the year-to-date. Gains were also posted by distressed restructuring funds (0.52 percent; 4.68 percent YTD), convertible arbitrage funds (0.46 percent; 9.64 percent YTD), relative-value arbitrage funds (0.42 percent; 1.73 percent YTD), merger arbitrage funds (0.41 percent; 2.84 percent YTD), multi-strategy funds (0.37 percent; 0.17 percent YTD), and emerging market funds (0.28 percent; 0.77 percent YTD).

Diversified commodity trading advisers, macro funds and CTAs, and equity-market neutral funds declined 0.59 percent (4.03 percent YTD), 0.26 percent (2.69 percent YTD), and 0.05 percent (0.48 percent YTD) respectively.

Tags: Investment | Investment Funds | Hedge Funds | Expats |


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