Opalesque Industry Update - Strong equity markets helped raise the Greenwich Global Hedge Fund Index +2.35% in September 2013 according to initial estimates. Over the course of the month, the markets saw the S&P 500 (+3.14%) hit a new high followed by a decline due mainly to US budget concerns. 78% of constituent funds reported positive returns for September and all strategies returned gains for the month. Long-Short Equity was the leading strategy in September, outperforming the S&P 500 with average gains of +3.48%. Year to date, Long-Short Equity (+10.08%) is to being the top performing strategy of 2013, just behind Event-Driven (+10.17%). Event-Driven funds also had a strong September, up +2.48% on average. Seven of the eight major hedge fund strategies ended the third quarter of 2013 firmly in positive territory. Futures funds continued to struggle adding a modest 0.55% on average in September to bring their year-to-date return to -2.36%.
Press release
About Greenwich Alternative Investments Bg |
Industry Updates
Greenwich Global Hedge Fund Index rises +2.35% (est.) in September (6.07% YTD)
Friday, October 04, 2013
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