Hedge Fund Research Index sees boost

08 Oct, 2010

The HFRI Fund Weighted Composite Index enjoyed gains of 3.37% in September, bringing the year to date (YTD) performance to 4.59%.

This was the most impressive increase since May 2009 and brings the cumulative index performance to the high watermark previously set almost three years ago.

The HFRI Equity Hedge Index saw strong results gaining 4.50% bringing its YTD to 3.46%. This was despite a significant decline of -10.62% in the equity hedge short bias index.

Event-driven strategies saw increases with the HFRI Event Driven index posting 2.21% for September bringing its YTD to 6.33%.

The HFRI Macro Index was also no exception and enjoyed sound results with returns of 3.08% last month – its YTD performance now stands at 3.57%.

The HFRI Emerging Markets (Total) Index was the best performing with gains of 5.37% bringing its YTD up to 7.02%. Of the emerging markets, the Asia ex Japan was the strongest with gains of 7.81%. However, funds investing in Russia and Eastern Europe saw the strongest YTD performance with 8.77%.

Funds of hedge funds also had reason to cheer – they posted gains of 2.44% bringing their YTD performance to 2.12%.