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In the week ending 07 October, 2016, the HFRX Global Hedge Fund Index returned +0.55% in September (+1.33% YTD). The HFRX Fundamental Growth Index gained +4.35% for the period, its strongest performance in 18 months, from contributions from global healthcare, emerging markets and Japanese equity. The Lyxor CTA Index was up +2% as of end September 30 (+1.5% YTD).

Tages Capital has launched a global equity long/short fund managed in partnership with London-based Anavon Capital; former Pershing Square partner Paul Hilal is preparing to launch a new fund; Odey Asset has launched a new fund with 1% management and no performance fee; GAM is launching two quant-backed UCITS funds after completing the acquisition of Cantab Capital Partners; Guillaume Touze plans on launching a UCITS boutique in London that invests in emerging market debt despite the Brexit; and SYZ Asset has launched the OYSTER European Subordinated Bonds fund.

Antoine Cornut said he plans to liquidate his $500m hedge fund that was backed by Saba Capital and Reservoir Capital.

David Einhorn’s Greenlight Capital posted negative performance in September and fell 0.9%; Robert Gibbins, Jeff Talpins and Chris Rokos are all reporting strong performances this year; Citadel saw most of its hedge funds return to profitability in the third quarter; and John Paulson’s pain intensified this year as his outsized bet on the wrong health care stocks scut......................

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