September saw hedge funds post the biggest gains since May 2009, as global equity markets soared on the back of improved investor confidence in the global economic recovery.
September saw hedge funds post the biggest gains since May 2009, as global equity markets soared on the back of improved investor confidence in the global economic recovery. Approximately USD11 billion flowed into hedge funds reported TrimTabs Investment Reseach and Barclayhedge. According to US-based data provider, Hedge Fund Research, its Composite Index gained +3.37 per cent to leave it at +4.59 per cent YTD, bringing it back to the previous high watermark of October 2007. Macro, Relative Value and Event Driven all posted positive gains but it was Equities that came out on top, gaining +4.5 per cent as word-wide stock markets enjoyed a sharp uptick. Asia ex-Japan hedge funds had one of their best months ever, gaining an incredible +7.81 per cent to easily eradicate earlier loses and leave them up +7.38 per cent YTD.
