Preqin: September Hedge Funds Post Highest Monthly Return Since January

Euro-dominated CTAs struggle.

Hedge funds in September saw the highest monthly returns since January, with gains of 1.43%, according to research from Preqin.

Continuing the industry’s positive 2017 performance, September’s increase brings the Preqin All-Strategies Hedge Fund benchmark to 8.28% year-to-date gains, a feat the report says is “the highest return at this stage of the year for the benchmark since 2013.”

In terms of top-level strategies, the highest September returns in the category came from event-driven strategies funds at 2.12% (8.40% YTD), followed by equity strategies funds at 1.93% (10.72% YTD). In addition, September makes the seventh time this year where all top-level strategies recorded positive monthly returns.

Activist funds increased by 2.73% in September, bringing their 12-month cumulative returns to 13.98%. Discretionary and volatility funds recorded 1.78% and 1.47% increases, respectively. Systematic funds returned 0.77%.

CTAs however, saw some negative returns at -1.83%, the lowest monthly return since August 2016’s -1.90%. European CTAs experienced the brunt of this impact, posting returns of -3.99%

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