Hedge funds posted solid returns in September with two-thirds of 166...

Hedge funds posted solid returns in September with two-thirds of 166 early reporting funds in positive territory, while all but 16 outperformed the S&P 500, which was down 2.7% in September, according to preliminary data from MAR/Hedge, which tracks the performance of more than 1,300 hedge funds and funds of funds. Sector funds led the way, with an estimated median gain of 2.8%, while the short-seller median advanced 2.3%. The preliminary median for global international managers was 4.3%.