EACM 100 index of hedge funds was up 0.7% for September, with each of the five strategies posting gains. Year-to-date as of Sept. 30 the EACM 100 is up 11.3%, compared with a 5.4% gain for the Standard & Poors 500 index. Event-driven funds were up 0.5% for the month, as losses from the bankruptcy/distressed debt specialists were offset by gains from risk arbitrageurs and multi-strategy specialists. Equity hedge funds were up 0.8% for the month, led by the domestic opportunistic managers, up 3.7%. Global asset allocators were also up 0.6% for the month, as gains from systematic traders offset losses from discretionary managers. The index is generated by Evaluation Associates Capital Markets.