Hedge Funds Reclaim Some Gains In September

Hedge funds had a rebounding September, on the heels of no-taper announcement and some major victories in the group of activist hedge funds. After a -0.23 percent decline in August, Eurekahedge Hedge Fund Index was up 1.05 percent in last month. Hedge funds York and Elliott post gains James Dinan’s York Capital Ltd. gained 2.1 percent in September, pushing up gains to 9.17 percent for this year. Dinan’s other event-driven strategies did equally well, York Credit Opportunities was up 1.7 percent, whereas the European and Asian stratgies gained 1.8 percent and 2 percent respectively. Most of York Capital’s strategies were…