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Bailey McCann, Opalesque New York: Hedge funds posted their eighth consecutive month of positive returns, according to the latest data from fund administrator Citco. Year-to-date performance is +11.03% as of September 30th.
Global Macro strategies achieved the highest weighted average return in Q3, at 5.25%,
to give them a YTD weighted average return of 12.11%. Equity strategies also posted another quarter of gains at 3.79%, resulting in a weighted average return YTD of
15.14%, making them the top performer for the year so far.
The median return for the quarter came in at 9.38%, below the weighted average
return and therefore suggesting larger funds outperformed smaller ones.
Spreads, the difference between the 90th and 10th percentile fund returns, also blew
out significantly quarter on quarter, from 11.17% in Q2 to 15.09% in Q3, Citco data shows.
All assets under administration (AUA) categories were
positive in Q3, with the standout performer funds with
between $1B-$3B of AUA. Funds with between $1B-$3B of AUA now have the
best YTD weighted average returns of all categories, at 13.85%.
Hedge funds saw net inflows of $1.1B overall in Q3, building on the $4.7B seen in Q2, as
net inflows of $4.2B in July and $3.1B in August outweighed September's net outflows.
Multi-strategy funds brought in the most assets at $3.7 billion. Hybrid funds came in second gathering $3.6 billion over the same period.
Global macro strategies saw the highest level of re...................... To view our full article Click here
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