Mon, Apr 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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.


Be

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably