Edhec Businesse School Risk and Asset Management Center reported a strong performance for all five hedge fund indexes in September, but none stepping in front of global equities.
The index tracking commodity investment advisors outpaced all other indexes in September with gains of 1.84%, bringing the index to 1.66% for YTD. Equity market neutral managers produced returns of 0.69%, bringing gains for the year so far to 5.76%.
Long/short equity generated returns of 0.47% in September, up 4.65% for the YTD.
Event driven strategies finished the month with small gains of 0.18% with returns of 2.67% for the year.
After a slow start at the beginning of the year, convertible arbitrage continued it’s recovery recording the second best performance. Its performance for the YTD climbed to negative 3.22%.
Edhec’s investable indexes, which launched this year, are invested in funds that are managed on the Lyxor managed accounts platform. Performance and liquidity are calculated weekly.