Key Takeaways
- • The Credit Suisse Hedge Fund Index (the Broad Index) returned 1.27% in September 2013, with eight of ten sub-strategies finishing the month in positive territory.
- • Long/Short Equity was the top performer at 2.64%, followed by Event Driven (1.45%), Multi-Strategy (1.42%), and Emerging Markets (1.28%).
- • Dedicated Short Bias was the weakest sub-strategy, falling 5.52%, while Managed Futures declined 0.15%.
- • Gains were broad-based, with equity-oriented and event-driven strategies leading the month's performance.
Summary
The Credit Suisse Hedge Fund Index (the Broad Index) finished September 2013 up 1.27%, according to Hedgeweek. Eight of the index's ten sub-strategies closed the month in positive territory, indicating broad participation in hedge fund gains during the period.
Long/Short Equity was the strongest sub-strategy, returning 2.64% for the month. Event Driven strategies gained 1.45%, Multi-Strategy funds returned 1.42%, and Emerging Markets rose 1.28%. These results suggest that equity-focused and event-driven approaches contributed most meaningfully to the index's advance.
The two negative sub-strategies were Dedicated Short Bias, which was the month's biggest decliner at -5.52%, and Managed Futures, which slipped 0.15%. The weakness in Dedicated Short Bias is consistent with a rising equity market environment, which typically pressures strategies that maintain net short exposure.
The publication did not provide additional detail on the drivers of individual sub-strategy performance or on assets under management within the index.
Long/Short Equity was the strongest sub-strategy, returning 2.64% for the month. Event Driven strategies gained 1.45%, Multi-Strategy funds returned 1.42%, and Emerging Markets rose 1.28%. These results suggest that equity-focused and event-driven approaches contributed most meaningfully to the index's advance.
The two negative sub-strategies were Dedicated Short Bias, which was the month's biggest decliner at -5.52%, and Managed Futures, which slipped 0.15%. The weakness in Dedicated Short Bias is consistent with a rising equity market environment, which typically pressures strategies that maintain net short exposure.
The publication did not provide additional detail on the drivers of individual sub-strategy performance or on assets under management within the index.
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