Index loss steepens after another difficult month


Macro, fixed-income and currency were the only pluses in a dismal September as all other strategy areas produced negative returns again – taking the EuroHedge Composite median return for the year to almost -3% and to just over -5% on a mean average basis.

The pain was worst in equity again, as in August – with the global equity and emerging market equity medians down by 5.29% and 6.74%, to take YTD losses into double figures.

The European equity averages are less bad on both a median and mean basis, but are showing increasingly