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
HedgeFund Intelligence Indices
Median Hedge Fund Returns by region
|MSCI World Index
|Dow Jones Industrial Average
|MSCI Europe Index
|MSCI Pacific Free Index
* total return
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