Funds of funds post disappointing month


Funds of hedge funds on average ended September down 1.87%, according to the InvestHedge Composite, which was down 3.85% for the year. A similar picture was painted by the global multi-strategy median that return -1.87% in September and -3.59% for the year to date.

The only strategy that managed to be positive for the month was global macro, up 0.02%, but it was still down 1.93% for the year – though qualifying as the top-performing strategy for the year. Arbitrage and fixed income, which typically provide a buffer to performance, were down 1.68% and