Strategy focus: Multistrategies fail to excite


Multistrategy funds turned in an unremarkable performance in September, even as the financial markets rejoiced at the size of the Federal Reserve’s 50 basis-point rate cut. The Absolute Return Multistrategy Index gained 1.39% for the month, bringing its year-to-date performance to 7.58%. That’s a bit less than the Absolute Return Composite, which gained 1.85%.

Few multistrategy funds have hit double-digit returns yet this year, with Howard Fischer’s Basso Multi-Strategy Fund one of the exceptions. That fund gained 3% in September to total an impressive 16.96% for the year.

One of the stronger performers in September was Mikhail Filimonov’s Alexandra