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Komfie Manalo, Opalesque Asia:

Event driven strategies lead the hedge funds space in September, generating the greatest return of any top-level strategy with the Preqin Event Driven Strategies posting 2.1% gains last month (+12.79 YTD). The surge in event driven strategies follows incremental gains made in August at 0.19%, Preqin said in its Hedge Fund Performance update.

Across the industry, global hedge funds made gains of 1.43% in September, the highest monthly return seen since January. This has continued 2017's strong run of performance; the Preqin All-Strategies Hedge Fund benchmark has seen year-to-date gains reach 8.28%, the highest return at this stage of the year for the benchmark since 2013.

The report stated, "Equity strategies funds posted returns of +1.93%, bringing 2017 YTD returns to 10.72%. In addition, all top-level strategies recorded positive monthly returns for the seventh time this year."

Activist funds gained 2.73% during the same period, taking 12-month cumulative returns to 13.98%. Discretionary and volatility funds posted 1.78% and 1.47% respectively, while systematic funds returned 0.77%.

"However, September brought a reversal of fortunes for CTAs. They returned -1.83%, the lowest monthly return since August 2016 (-1.90%). Euro-denominated CTAs in particular struggled, posting returns of -3.99%," Preqin added.......................

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