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Alternative Market Briefing

Opalesque Roundup: Hedge funds in the red in September, but outperform major indices: hedge fund news, week 43

Monday, November 01, 2021

In the week ending October 29th 2021, a report by Eurekahedge revealed that hedge fund managers returned -0.44% in September, outperforming the global equity market as represented by the MSCI ACWI (Local) which returned -3.55% during the month. In terms of 2021 performance, global hedge funds were up 8.14%, recording the strongest September year-to-date return since 2009 despite the ongoing pandemic. Around 76.7% of the constituents of the Eurekahedge Hedge Fund Index generated positive returns in 2021.

Yet another report also pointed out that hedge funds outperformed broader equity markets in September, rising against a backdrop where the S&P 500 (SP500) declined 4.6%. The PivotalPath Hedge Fund Composite rose 0.1% in September, resulting in a 7.4% YTD increase. This was against a backdrop of widely declining markets where the S&P 500 dropped 4.6%.

However, investor flows show CTA appeal in Q3 moving into Q4: HFM's Managed Futures Index finished Q3 up 7.6% YTD following a -0.3% return in September. The Q3 result leaves it trailing HFM's Global Composite Index by 1.5 percentage points YTD thro......................

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