Hedge Funds Remain In The Green After Q3 — With One Noticeable Gap

After a second straight negative month in September, hedge funds largely remain in the green year to date, although there is a significant cap in the performance readings from two reputable tracking firms. Hedge funds administered by Citco generated a weighted-average decline of 0.4% for September, bringing their year-to-date return to 8.12% for the first three quarters.

Meanwhile, the PivotalPath Composite Index was essentially flat for September, bringing its year-to-date return to 4.5%. For September, the S&P 500 fell 4.8%, while the Nasdaq tumbled 6%. Year to date, the indices are up 13.1% and 26.3%, respectively. For September, PivotalPath cited key concerns for hedge funds as interest rates and worries about a global recession or so-called “hard landing.”

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