Preqin: All Six Top-Level Strategies Positive In Strong September

Oct 16 2017 | 9:36pm ET

Hedge funds booked their highest monthly return since January last month, according to new analysis from industry data provider Preqin, and the company’s aggregate measure of the industry reached its highest return at this point of the year in four years.

Preqin’s All-Strategies Hedge Fund benchmark index returned +1.43%
in September, the company said, driven by strong results among event-driven funds and equity strategies. All six of the company’s top-level strategies were in the green for the seventh time this year, while for the year to date, the index is up +8.28% - the highest tally at this point of the year since 2013. 

Other highlights from Preqin’s September report:

  • Event driven strategies funds generated the greatest return of any top-level strategy, gaining +2.12% after a lackluster +0.19% in August. 
  • Equity strategies funds posted returns of +1.93%, bringing 2017 YTD returns to +10.72%. 
  • Activist funds made gains of +2.73% in September, taking 12-month cumulative returns to +13.98%. 
  • Discretionary and volatility funds posted +1.78% and +1.47% respectively, while systematic funds returned +0.77%. 

  • CTAs returned -1.83% in September, the lowest monthly return since August 2016's -1.90%. Euro-denominated CTAs in particular struggled, posting returns of -3.99%. 

Preqin’s Hedge Fund Online service provides intelligence on the hedge fund industry, containing performance information for over 16,000 hedge funds across all leading strategies and geographies. Founded in 2003, the company’s products include data and analysis via online databases, publications and bespoke data requests for more than 47,000 professionals in 90 nations. 

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