September saw global equity and commodity markets staging a sharp rally and funds of hedge funds clocked up welcome gains. Central banks kept interest rates near zero over the month and the equity market rally, especially in the US was largely due to loose monetary policy in America. The InvestHedge Global Multi-Strategy category was up 1.89%, taking the year-to-date median to 1.78%. Funds that invested in gold or had a gold-hedged share class benefited from the continuing flight to safe have assets.
3A Altin, Bank Syz’s listed fund of funds, was up 4.16% on the month, taking third-quarter