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Global hedge fund industry performance turned negative in September, with overall industry returns at minus 0.17 percent last month, according to the latest data from investment data and analytics firm, eVestment.
eVestment said this brings third quarter (Q3) returns to just “barely positive” at 0.30 percent and year to date (YTD) returns to +0.53 percent.
This is a far cry from the industry’s aggregate return of 8.92 percent for 2017 and, in a generally strong investment market, could reignite concerns about the hedge fund industry, it added.
Internationally, Russia-focused hedge funds surprised in September with positive returns of 3.75 percent, observed eVestment.
September’s positive results were not enough, though, to make up for negative returns for the quarter and the year.
India-focused funds continued to disappoint after a stellar 2017 (when they returned 32.87 percent).
In September, returns were negative at -11.68 percent, while YTD returns stood at minus 20.84 percent.
China-focused funds also continue a negative run this year, with September returns at minus 2.16 percent and YTD returns at minus 9.48 percent.
This is also a far cry from huge returns of 34.74 percent that China-focused funds saw in 2017, said eVestment.
