Multistrategy funds turned in an unremarkable performance in September, even as the financial markets rejoiced at the size of the Federal Reserves 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%. Thats 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 Fischers 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 Filimonovs Alexandra