Beverly Chandler, Opalesque London:
Eurekahedge reported that hedge funds were back in the black in September as global markets trended upwards during the month. The Eurekahedge Hedge Fund Index was up 1.05%, 4.17% year to date, while global stock indices outperformed as the MSCI World Index gained 3.87% in September.
Key highlights from Eurekahedge for September 2013 included:
Total assets in the hedge fund industry stand at US$1.91 trillion, set to cross the highest level on record by end-2013
Assets in long/short equity hedge funds crossed the US$600 billion mark for the first time since 2008
Asia ex-Japan hedge funds have outperformed the underlying markets by more than 7% September year-to-date
Greater China focused hedge funds witnessed 3 months of positive returns, up 6.22% in the third quarter of 2013
Distressed debt investing remains the best performing strategy in 2013, up 11.25% September year-to-date
Japanese hedge funds remained ahead of other regions, up 21.25% September year-to-date
In terms of regional indices, Eurekahedge reports that global markets remained in headline-following mode during the month, rising in the first few weeks as the risk of a US strike on Syria declined. Positive macroeconomic data from Europe and China also pushed up market indices and the decision of the US Federal Reserve to maintain the pace of asset-purchase, added further strength to the ......................
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