Rally boosts hedge fund performance
Risk-on market sentiment meant hedge funds had positive flows and healthy returns in September. The Eurekahedge Hedge Fund Index was up 0.96% for the month as markets rallied after monetary easing announcements from the ECB and the US Federal Reserve.
September marked the third consecutive month of positive returns for the industry, taking third-quarter gains to 2.59%. The Eurekahedge Hedge Fund Index is up 4.2% year-to-date (YTD).
Equity long/short was the