Dutch hedge funds posted an average gain of 2.2 per cent in September, as measured by the Finles/IEX Dutch hedge fund index.
This is the third consecutive month of gains and money was made in up and down markets for equities. The October estimate is showing a positive number as well.
The performance of Dutch hedge funds is in line with other liquid hedge fund indices. This is surprising given the outperformance of Dutch hedge funds in months when equity markets correct.
Equity related strategies performed best in September. Macro strategies lagged given their very defensive positioning.
The best performing funds in September were: QAM Global, European Opportunities Fund, Trade Wind Equity Fund, Aster-X Panorama Fund and Care Fund.
The five best performing funds year to date are: Trade Wind Equity Fund (+27 per cent), QTR fund (+20 per cent), HIQ Invest Market Neutral Fund (+17 per cent), Fonds Bloemendaal (+12 per cent) and Antaurus Europe Fund (+12 per cent).
The Frog Fund is part of the index as of 1 October 2010. This long short equity hedge fund is managed by Freddy Forger and based in Soest.
As of 1 November, the Dutch hedge fund index has 29 constituents.