Hedge funds shake summer doldrums

September hedge funds recovered from a sickly August to generate positive returns of 0.85% net of fees for investors.
OCT 01, 2007
September hedge funds recovered from a sickly August to generate positive returns of 0.85% net of fees for investors. In August, almost every hedge fund strategy lost money, according to Financial News. This month, however, Hedge Fund Research, a Chicago-based data provider, reported that through Sept. 26, its investable index showed that six of its eight strategies profited, Financial News reported today. The top two performers were global macro and managed futures with a 3.24% return, and convertible arbitrage with 2.34%. The two losing strategies were equity market neutral funds, down 1.48%, and distressed securities funds, down 0.62%, Financial News reported.

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