Hedge Funds Performance

Worst month in 10 years as 77% of funds go negative

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More than three-quarters of all hedge funds suffered losses in September, making it not just the worst month in terms of average losses, but the most broadly difficult month for U.S.-based funds in at least a decade. An analysis of the Absolute Return hedge fund database of more than 1,600 funds found that 77% of those funds were down for September, the most lopsided monthly performance by far since January 1998, when our parent company, HedgeFund Intelligence, began tracking hedge funds.

The second-worst month was August 1998, when 67.43% of funds were down. That month, funds suffered a