Forbes – The Greenwich-Van Global Hedge Fund Index returned +.10% in September according to a preliminary report released today by Greenwich-Van Advisors, LLC, a leading hedge fund index provider. In comparison, the S&P 500, NASDAQ, Nikkei 225 and the Lehman Brothers Aggregate Bond Index returned +2.58%, +3.42%, -.08% and +.88%, respectively.
“Hedge funds on the whole were up for the month, despite market conditions which continued to adversely affect certain investment strategies,” notes Ben Rossman, General Manager of the Database and Index Group. “As was the case in August, short sellers ended up in negative territory, amid September’s rising bond and equity markets. Declines in precious metals and energy contributed to widespread loss across futures strategies. Fixed-income funds posted strong results, owing to the bond rally during the latter half of the month. Long-biased equity strategies also fared well, encouraged by market perception of a reduced likelihood of increases in interest rates, following the US Federal Reserve’s September 20 decision to hold steady the federal funds rate.”
