Hedge funds struggled to generate profit as CTAs and Macro managers languish in September

Hedge fund managers ended September 2019 mostly flat, with the equal-weighted index down 0.13 per cent and the asset-weighted index up 0.15 per cent, according to data released by Eurekahedge.

The continuation of the US-China trade talks and the ECB's stimulus measures provided support for both equities and bonds early into the month. However, the impeachment inquiry against Trump acted as a headwind toward the month's end.
CTA/managed futures funds meanwhile, ended the month down 2.20 per cent as managers struggled to generate profit amid the volatile oil market following the attack on Aramco's facilities. On a year-to-date basis the mandate is still up 5.24 per cent.