For the most part, funds in the arbitrage category have performed well over the year although some appear to have struggled. September was a good month for most as credit investors continued to chase yields.
Cedar Fund is up 29.45% year to date following a 5.51% monthly gain in September while Bodleian Partners LP gained 3.22% for the month to bring year-to-date figures to 26.82%.
SSARIS Multi-Manager Relative Value is up 17.6% after a 2.4% monthly gain and Archstone Market Neutral Strategies is up 15.19% year to date following a 2.28% September.
Mellon Sanctuary gained 2% for the month, taking year-to-date