HFR Hedge Fund Index Fell in September

New York (HedgeCo.net) – The latest data released from Hedge Fund Research shows that the average hedge fund lost 1.07% in the month of September and is down 1.35% on the year. This loss is the fourth consecutive monthly loss for the index and the last time there was a four-month losing streak was during the financial crisis in 2008.

While the year to date loss is not what the industry had hoped for after lagging the overall market in 2013 and 2014, the 1.35% loss looks a lot better than the 6.74% loss the S&P 500 had at the end of September.

With biotech and pharma stocks taking big losses in September, it isn’t surprising to see that healthcare-focused funds fell 3.49 percent during the month. By comparison, the Healthcare Select Sector SPDR (NYSE: XLV) fell 5.7 percent during the month. Activist funds also had an especially rough month with an average loss of 5.17%.

Rick Pendergraft
Research Analyst
HedgeCoVest

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