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B. G., Opalesque Geneva: Aside from event-driven hedge funds, which often focus on out-of-favour, deep value equity exposures and speculation on M&A situations and which led strategy gains in September 2024 (almost 8% YTD) as the US Federal Reserve lowered interest rates, some other strategies have been doing well too.
Equity Hedge (EH) funds, which invest long and short across specialized sub-strategies, posted strong performance for September as the HFRI Equity Hedge (Total) Index advanced an estimated +1.2% to bring the YTD return to +10%. EH sub-strategy gains were led by the Fundamental Growth Index and the Multi-Strategy Index.
Among the equity hedge strategies, LRT Global Opportunities was up 31% YTD at the end of September, compared to the Eurekahedge Long Short Equities Hedge Fund Index's 8%. LRT is a systematic long/short strategy that seeks to generate positive returns while controlling downside risks and maintaining low net exposure to the equity markets. LRT Capital Management is based in Austin, Texas. Lukasz Tomicki, the portfolio manager, claimed his aversion to AI stocks in a recent paper.
"The attribution of September's return was 0.43% from market b...................... To view our full article Click here
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