Short Sellers Strong in September

October 20, 2000 ( - Once again, September was a rough month for the markets, but the CSFB/Tremont Hedge Fund Index was down just 0.4% for the month. Year-to-date the index is up 4.9%.

The dedicated short bias style topped the nine categories in September with a 9.9% return, as short sellers benefited from the market turmoil. Convertible Arbitrage continues to top the year-to-date list, with a 24.3% return, and gained 2% in September.

Emerging markets slid 6.8%, and is down 1.8% year-to-date.

Get more!  Sign up for PLANSPONSOR newsletters.

For the month, the indexes returned:
  2.0% – Convertible Arbitrage
  9.9% – Dedicated Short Bias               
-6.8% – Emerging Markets                  
-0.1% – Equity Market Neutral             
  0.6% – Event Driven                       
  0.8% – Fixed Income Arbitrage             
-0.9% – Global Macro                      
  0.7% – Long/Short Equity               
-3.3% – Managed Futures                   

The index is calculated monthly and includes the results of 335 funds, drawn from more than 2600 hedge funds, both US and offshore. 

Funds must have at least US $10 million under management and an audited financial statement. The Index does not include funds of funds.

Performance for the CSFB/Tremont Hedge Fund Index and the nine style-driven sub-indices are calculated monthly.