Hedge Funds Up 1.05% In September

Hedge funds, which have struggled to match the performance of mutual funds and equities for most of the year, trended up in September as the Eurekahedge Hedge Fund Index grew 1.05 percent. Strong equity and event driven funds “Long/short equity and event driven funds posting the strongest returns on the back of strengthening equities during the month. Long/short equity funds were up 2.10 percent while event driven managers gained 1.90 percent,” according to a Eurekahedge newsletter. Investing in distressed debt has been the strongest strategy YTD, while CTA/managed futures posted their fifth straight month of losses. Managers exposed to precious…