Another exceptionally difficult month for European hedge
funds in September resulted in only a relatively small overall
monthly loss across the industry as a whole – but with
many individual funds and strategies suffering some big losses
Equity funds were the worst hit – with double-digit
losses being seen among European, global and emerging market
long/short funds for a second month running after
August’s equity market carnage – although
there were also a few notably strong performers amid the most
difficult trading and investment conditions that many managers
have seen for years.
Other non-equity strategy sectors generally fared less badly
again in September – with some impressive performances
among a variety of macro, managed futures, currency,
fixed-income and credit funds.
With September numbers in for just over two-thirds of the
funds reporting to the EuroHedge database, the overall
EuroHedge Composite median return for the month is so far
standing at -1.18%,...