Van Global Hedge Fund Index Up 1.2% in September

October 7, 2003 ( - The Van Global Hedge Fund Index showed a 1.2% gain net of fees in September according to preliminary data from Van Hedge Fund Advisors.

That data also reflected that the index has a preliminary 12.1% net year-to-date return.

September gains were fairly widespread among early reporting hedge funds with Emerging Markets, the most successful strategy so far this year, continuing to be a strong performer, according to a news release.

Market Neutral Arbitrage funds appear to have corrected themselves after three straight losing months, due in large part to improved trading conditions in September for convertible arbitrage managers. Long/short equity funds are only showing slight gains for the month, on average, according to the data. The preliminary September Index return is based on approximately 250 early reporting hedge funds.

The Van Global Hedge Fund Index posted a 1.7%-net gain in August (See Van Global Hedge Fund Index Ends August With 1.7% Gain ).