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Alternative Market Briefing

Hedge funds fell 1.18% in September on Fed tightening and ECB loosening

Tuesday, October 21, 2014

Komfie Manalo, Opalesque Asia:

Hedge funds fell 1.18% in September on Fed tightening and loosening of the European Central Bank’s policy on equity markets, according to the Barclay Hedge Fund Index compiled by BarclayHedge. At the end of three quarters in 2014 the Index remains up 3.10%.

"Anticipation of Fed tightening and ECB loosening poured cold water on equity markets and drove U.S. interest rates higher on the month," says Sol Waksman, founder and president of BarclayHedge. He added, "Protests in Hong Kong, the close vote for Scottish independence, and the prospect of the U.S. going back to war in the Mideast added to investor jitters and price volatility."

Overall, 11 of Barclay’s 18 hedge fund indices had losses in September. The Event Driven Index was down 2.64%, Emerging Markets lost 2.46%, Distressed Securities gave up 2.35%, and the Equity Long Bias Index was down 2.07%.

On the positive side, Global Macro was up 1.54%, Equity Short Bias gained 1.42%, Pacific Rim Equities were up 0.67%, and the European Equities Index added 0.58%.

After three quarters, the best performing hedge fund strategy is Healthcare & Biotechnology, with a 12.25% gain. Fixed Income Arbitrage is up 5.28%, the Multi Strategy Index is up 3.99%, and Distressed Securities have gained 3.58%.

Only two BarclayHedge indices have l......................

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