September proves worst month for hedge funds in decade

Fri Oct 10, 2008

Hedge funds in the United States lost more in September than they have in any other monthly period for the past decade. According to preliminary data, the Absolute Return Composite Index lost 2.5%, nearly touching the worst month on record: the 2.56% loss posted by hedge funds in August 1998, during the Russian debt default and ensuing global crisis.

European and Asian funds fared even...

ISSN: 2151-1845 / CDC10004H

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