Equity Hedge Funds Returns
Equity Hedge Funds Lead September Industry Gains
The Bloomberg Aggregate Hedge Fund Index itself surged into the black last month and is now up 2.6% on the year. With U.S. stocks enjoying their best September in more than 70 years, long-bias equity funds led the way with a 6% return (2.5% year-to-date).
Surprisingly, short-bias funds weren't far behind with a 4.9% return (4.4% YTD). Most hedge fund index families showed short hedge funds taking a beating, with many down by double-digits both on the month and year.
Emerging market equities also did well, adding 5.3% on the month (9.1% YTD). Equity fundamental market-neutral placed in September with a 5.2% return, but it wasn't enough to erase the strategy's 2010 loss, which now stands at 4.1%. It is the only strategy index in the red on the year. Source