Hedge fund and futures managers had solid performance in September, although most still lagged the S&P 500, according to preliminary data from Managed Account Reports.
The median hedge fund manager in four of six style groups tracked by MAR/Hedge reported positive returns for September. Median global managers returned 1.2%; median market neutral managers, 1%; both median global macro managers and fund of funds managers, 0.8%; median event driven managers,
-.6%; and median short sellers,
-3.1%. Meanwhile, the S&P 500 returned 6.4%.
MAR's trading adviser index was up 3.5% in September, with strong performance coming from systematic and trend-based managers.