Equity hedge funds fall behind in September


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