Hedge Funds Record Gains

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    The Preqin All-Strategies Hedge Fund benchmark recorded gains of 0.91 per cent in September, marking the seventh successive month of positive performance as the industry delivered returns of 4.06 per cent through the third quarter. These gains mark an improvement from both the first and second quarter in which they posted returns of 2.13 per cent and -0.81 per cent respectively. Furthermore, it represents the best quarterly performance since the first quarter of 2013, when the industry returned 4.1 per cent. Year-to-date, hedge funds have posted total gains of 5.41 per cent despite suffering loses at the beginning of the year. Equity strategies posted the highest returns (+5.18 per cent) while event driven strategies returned 4.59 per cent in the quarter to take their 2016 performance to 7.9 per cent, the highest of any strategy.