Hedge funds see eight months of returns

Hedge funds returned 4.40% in the year to the end of September, after eight months of positive returns.

The average hedge fund return in September was 0.73%, while in the whole third quarter, hedge funds returned 2.91%, according to eVestment, which published the figures.

Eurekahedge recently said hedge funds had returned 3.35%.

The eVestment research found that origination & financing funds, activist funds, distressed and long/short equities funds were the best performers.

Over the quarter, activist funds returned the highest, at 4.87%, but distressed funds were the highest returners among major strategies, with 7.99%.

Commodity funds enjoyed a “welcome reprieve”, said eVestment, in September from a two-month slide causing losses near 2%. They were helped by a rebound in agricultural commodity prices and rising energy prices.

Brazil fund returns “cooled off” a bit in September, coming in just positive at 0.21%, but ended Q3 climbing 6.88%. The universe continues to be the best performing segment of the hedge fund industry in 2016, eVestment said.

©2016 funds europe

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