Dow Jones Credit Suisse Hedge Fund Index down 3.20% in September
The Dow Jones Credit Suisse Hedge Fund Index fell for a second straight month, finishing down 3.20% in September versus a monthly loss of 9.88% for the Dow Jones Global Index.
Oliver Schupp, President of Credit Suisse Index Co, LLC, says: "The Dow Jones Credit Suisse Hedge Fund Index fell 3.20% in September, marking its largest one month decline in more than a year. Yet for many investors, the hedge fund industry continues to remain attractive on a relative basis compared to other asset classes. For example, equities, as reflected by the Dow Jones Global Index, lost 9.88% last month.
"Despite the drawdown, hedge funds appear to have performed in line with investor expectations and to have provided a level of capital preservation during an increasingly difficult market period. As a result, the hedge fund industry saw an estimated USD25 billion in inflows year-to-date."