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HFRI Fund Weighted Composite Index up 3.02% (est.) in September, 17.21% YTD

Thursday, October 08, 2009
Opalesque Industry Updates - Hedge funds posted a broad-based gain in September, with the HFRI Fund Weighted Composite +3%. The strong 3Q09 gain brings the YTD performance of the composite to over 17%; this following record losses in 2008 of over 19%.

All Core Strategies posted gains for the month, with the strongest of these Event Driven, with a gain of over 4.2%. Funds focusing on Distressed, Activist, Asset Backed and Convertible strategies all benefited from credit spread tightening and appreciation in RMBS and CMBS securities, this ahead of the US government funded PPIP.

The single sub-strategy which declined in September was Short Bias; with lost 4.9%, bringing YTD losses to over 19%; the HFRI EH: Short Bias Index gained 28.4% in 2008.

After a modest gain in August, Emerging Markets funds again were performance leaders, with the HFRI Emerging Markets (Total) Index +6.2%. Exposure in Russia and Latin America were leaders.

Full performance table: Source.


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