|
|
Komfie Manalo, Opalesque Asia: Hedge funds posted seven straight months of gains for September as the HFRX Global Hedge Fund Index returned +0.55% last month (+1.33% YTD) and the HFRX Market Directional Index gained +1.97% for the period (+7.85% YTD).
In its monthly report, data provider Hedge Fund Research said that the global financial markets posted mixed performance in September, as the U.S. Fed maintained low interest rates while commodities gained as investors discounted moderate increases in U.S. rates into 2017. Equity markets posted mixed performance, partially recovering intra-month weakness into month end as Deutsche Bank posted a sharp decline, with gains in technology, energy and commodity-sensitive exposures offset by weakness in financials and consumer discretionary areas; regional equities were also mixed with gains in Russia and UK offset by declines in Italy, Japan and China.
It said, "U.S. rates were little changed for the month as the U.S. Fed maintained a low interest rate policy; European yields were also flat to narrowly higher. The U.S. dollar was mixed against other currencies, declining against the euro, Swiss franc and Japanese yen, while gaining against the British pound and Brazilian real. Commodity gains were led by energy and metals, with gains in oil, copper, silver and wheat only partially offs...................... To view our full article Click here
|
|
RSS
