Hedge funds made gains of 1.43 per cent in September, the highest monthly return seen since January.
This has continued 2017’s strong run of performance; the Preqin All-Strategies Hedge Fund benchmark has seen year-to-date gains reach +8.28 per cent, the highest return at this stage of the year for the benchmark since 2013. 

Event driven strategies funds generated the greatest return of any top-level strategy (+2.12 per cent), following incremental gains made in August (+0.19 per cent). Equity strategies funds posted returns of +1.93 per cent, bringing 2017 YTD returns to +10.72 per cent. In addition, all top-level strategies recorded positive monthly returns for the seventh time this year. 

Activist funds made gains of +2.73 per cent in September, taking 12-month cumulative returns to +13.98 per cent. Discretionary and volatility funds posted +1.78 per cent and +1.47 per cent respectively, while systematic funds returned +0.77 per cent. 

However, September brought a reversal of fortunes for CTAs. They returned -1.83 per cent, the lowest monthly return since August 2016 (-1.90 per cent). Euro-denominated CTAs in particular struggled, posting returns of -3.99 per cent. 

