September was an excellent month for many hedge funds as markets began to recover from a turbulent summer. The Absolute Return Composite Index netted 1.85%, its best month since January 2006, regaining all the ground lost this summer. Commodities funds fared exceptionally well.
ABSOLUTE RETURN STRATEGY INDICES
|
Strategy |
Sept 07 |
YTD |
|
Arbitrage |
1.39% |
6.24% |
|
Commodities |
6.30% |
12.09% |
|
Convertible & Equity Arbitrage |
1.21% |
3.83% |
|
Credit |
1.37% |
6.48% |
|
CTAs |
2.63% |
2.73% |
|
Distressed |
0.42% |
4.95% |
|
Event Driven |
1.02% |
6.47% |
|
Fixed Income |
1.85% |
5.42% |
|
Global Equity |
2.80% |
9.55% |
|
Latin American Debt |
1.69% |
7.33% |
|
Latin American Equity |
1.81% |
11.76% |
|
Macro |
3.80% |
12.25% |
|
Mortgage Backed |
0.44% |
4.86% |
|
Multistrategy |
1.39% |
7.58% |
|
Technology |
2.63% |
10.42% |
|
U.S. Equity |
2.21% |
8.69% |
|
Composite |
1.85% |
7.00% |
...