Credit investors continued to chase yields in September, taking the fixed-income markets up, and with them the InvestHedge fixed income fund of funds composite. This median was the highest performer for the month and for the year to date with returns of 2.25% and 11.94%, respectively.
European equity funds of funds followed closely, up 2.1% in September and 8.98% for the year to date, as economic estimates were revised higher. Overall, the InvestHedge Composite for the fund of funds universe in September was up 1.48%, taking the year-to-date returns to a stellar 7.77%. Global multi-strategy funds of funds,