Equity hedge funds fall behind in September

Tue Oct 9, 2012

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The Absolute Return Composite rose an estimated 0.71% based on early reports to the database, now available.

It is turning out to be a bounce back year for many hedge funds, but as a whole, the industry is struggling to keep pace with broader stock market gains. The HedgeFund Intelligence Global Composite Index rose 0.71% in September, bringing it up 4.01% for the year, substantially trailing global equity market indices.

The MSCI World Index was up 2.75% net in September for a 13.02% gain for the year.

One-quarter of equity funds that have reported performance so far did beat the MSCI, while 27% actually lost money in the month (for specific names and performance, see the HedgeFund Intelligence database).

Overall, nearly all hedge fund strategies rose. Managed futures funds fell 1.20% for the month. With a return of 0.12% for the quarter, this is the strategy's worst performing third quarter since 2008, when managed futures funds fell 2.10%

Note: These indices were accurate as of Oct 9. For the most recent performance statistics, please click on the links in the table below to the individual databases. For a complete list of the top performing funds in each strategy, please visit the HedgeFund Intelligence database.

Absolute Return Indices

Index September YTD
U.S. Equity 1.24% 5.08%
Managed Futures -0.83% 0.32%
Multistrategy 0.84% 6.11%
Event Driven 1.40% 6.87%
Macro 0.55% 2.75%
Latin American Equity 0.94% 6.76%
Composite 0.77% 4.93%

HedgeFund Intelligence Indices
Median Hedge Fund Returns by region

(click for full stats)
Asia AsiaHedge
1.60% 2.96%
Europe EuroHedge
0.41% 2.97%
U.S. Absolute Return
0.77% 4.93%
0.41% 2.97%
Funds of Funds InvestHedge
0.70% 2.55%
Global Composite HedgeFundIntelligence
0.71% 4.01%

Global Benchmarks

Index September YTD
MSCI World Index 2.75% 13.02%
Dow Jones Industrial Average 2.65%
S&P 500*
2.58% 16.43%
NASDAQ Composite 1.61% 19.62%
MSCI Europe Index 1.17% 9.94%
MSCI Pacific Free Index 2.95% 8.05%

* total return

About HedgeFund Intelligence

HedgeFund Intelligence is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedge, EuroHedge, InvestHedge, Absolute Return and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our databases list information on nearly 15,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund indices that are the industry's most accurate benchmarks. Our frequent special reports include in-depth analyses of various regions and sectors. Our conferences are renowned for the quality of the speakers and programming, and our objectively-determined annual awards are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

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