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Hedge funds rebound in September as Barclay index gains 2.68 per cent

Hedge funds gained 2.68 per cent in September, reversing a 1.41 per cent loss in August, according to flash estimates from the Barclay Hedge Fund Index. In the first nine months of this year the index has gained 9.05 per cent.

'Of the 2,200 funds that have so far reported a September return, 86 percent are profitable,' says Sol Waksman, founder and president of the Barclay Group. 'September hedge fund gains are in sharp contrast to August, when 75 percent of funds reported losses.'

Overall, 17 of Barclay's 18 hedge fund indices indicated positive returns in September. The Emerging Markets Index jumped 5.70 per cent, Global Macro was up 4.10 per cent, Equity Long Bias gained 3.17 per cent, Healthcare and Biotechnology rose 2.93 per cent, Technology was up 3.00 per cent, and Fixed Income Arbitrage gained 2.26 per cent.

'Stock markets around the world rallied in September, providing a boost to equity strategies,' Waksman says. 'Emerging markets were quite strong this month, as reflected by a gain of 16.64 percent in the MSCI BRIC index comprising Brazil, Russia, India and China.'

Barclay's Equity Short Bias Index lost 1.29 per cent in September, but its Fund of Funds Index was up 1.82 per cent for the month and has gained 7.01 per cent so far this year. After three quarters, Barclay's Emerging Markets Index has gained 19.27 per cent, Technology is up 13.44 per cent, and Merger Arbitrage has gained 12.51 per cent.

The Barclay Group, founded in 1985, tracks more than 6,400 hedge funds, funds of hedge funds and managed futures programmes, and publishes 18 proprietary hedge fund indices and eight managed futures indices.

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