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Laxman Pai, Opalesque Asia: Global hedge fund industry performance dipped into the red in September, with overall industry returns at -0.17% last month, according to the latest eVestment report.
The investment data and analytics firm said that this brings third quarter (Q3) returns to just "barely positive" at 0.30% and year to date (YTD) returns to +0.53%.
This is a far cry from the industry's aggregate return of 8.92% for 2017 and, in a generally strong investment market, could reignite concerns about the hedge fund industry, it added.
Among primary strategies, Distressed funds were the big winners in September. These funds had returns of +0.84%, bringing YTD returns to +4.92%, putting Distressed funds at the top in returns among primary strategies.
Origination & Financing funds are another bright spot for the year. While these funds' September returns were only +0.28% last month, YTD returns for the strategy stand at +4.33%.
On the flip side, Event Driven - Activist funds were the worst performers among primary strategies, at -2.14%. bringing YTD returns down to -2.38%, it said.
Russia-focused hedge funds surprised in September with positive returns of +3.75%, although September's positive results weren't enough to make up for negative returns for the quarter and the year.
India-focused funds continued to disappoint after a stellar 2017 (when these funds returned +32.87%). In September, India-focused fund returns were negative at -11.68%, wi...................... To view our full article Click here
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