Hedge funds end third quarter with a bang

By Amal Robleh

Wed Oct 9, 2013

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Event Driven funds enter double digit territory for 2013.


Hedge funds in the U.S. had a great end to the third quarter, rising 1.58% for the month. This is the Absolute Return Composite's best monthly return since January 2012, when it was up 1.74%.

Globally, the HedgeFund Intelligence Composite gained 0.82% in September and is up 5.45% through the year. 

Macro funds rebounded from three straight losing months to climb 3% in September. That pushed the strategy into positive territory for the year, with a gain of 2.99% in 2013.

Note: These indices were accurate as of October 9, and are subject to change. 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.


HedgeFund Intelligence Indices
Median hedge fund returns by region


Region
Database 
September YTD
Asia AsiaHedge
2.59% 9.69%
Europe EuroHedge
0.42% 4.49%
U.S. Absolute Return
1.58%  5.56%
UCITS UCITS
1.23% 3.70%
Funds of Funds InvestHedge
1.35% 5.27%
Global Composite HedgeFund Intelligence
0.83% 5.46%


Absolute Return Indices (Americas hedge funds)
Index September YTD
Credit 0.50% 5.62%
Event Driven 3.20% 10.95%
Latin American Equity 1.37% 2.51%
Macro 3.00% 2.99%
Managed Futures 0.68% -1.64%
Multistrategy 0.05% 5.87%
U.S. Equity 2.70% 9.50%
Composite 1.58% 5.56%


Global Benchmarks

Index September YTD
MSCI World Index 5.00% 17.29%
Dow Jones Industrial Average 2.16% 15.46%
S&P 500*
3.14% 19.81%
NASDAQ Composite 5.06% 24.90%
MSCI Europe Index 3.64% 14.72%
MSCI Pacific Free Index 7.83% 16.45%
* 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 AsiaHedgeEuroHedgeInvestHedgeAbsolute 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.

For more information about HedgeFund Intelligence or any of its data, indices, newsletters & magazines, special reports or events, please contact Nick Evans via email (nevans@hedgefundintelligence.com) or at +44 (0) 20 7779 7355.