Global multi-strategy funds exceed 1.8% fall in one of their worst months for years

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One of the worst months for hedge fund performance in years saw the InvestHedge Global Multi-Strategy median down 1.87% in September – putting it severely underwater at -3.59% over the year to date.

Only a handful of funds were not negative on the month. One such was GAM Diversity, which gained 1.92% taking the year’s returns to 0.5%. Recently, trading managers have performed well within the portfolio, posting positive returns via exposure to government bonds and select emerging-market assets. Relative value managers also protected capital well.

Pinnacle Opportunity was up 1.33% on the month, taking year-to-date figures to