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Opalesque Roundup: Gaining just just 4.9% YTD, hedge funds record best performance in this span since 2013: hedge fund news, week 38

Monday, October 14, 2019

In the week ending October 11th 2019, Hedge Fund Research said that hedge funds gained 4.9% on average in the first three quarters of 2019, the best performance in this span since 2013.

In September, hedge funds posted mixed performance as quantitative, trend-following CTAs declined, reversing August gains, on rising U.S. interest rates, while equity markets traded in a wide intra-month range, said HFR.

Meanwhile, the Eurekahedge Hedge Fund Index lost 0.32% in September dragging year-to-date return to 5.67% despite the recovering investor risk sentiment, which pushed the global equity market up 2.04% over the month. eVestment's numbers on aggregate hedge fund industry performance also slipped into the red again in September (-0.11%).

Further in performance news, prominent hedge funds lost money in September, a swift comedown after a relatively strong run for the industry at large. Several technology-focused funds were among those hit hard. Tiger Global Management LLC, a hedge fund founded by billionaire Charles "Chase" Coleman, lost 7.4% last month, said people familiar with the ......................

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