(Opalesque) Hedge Funds notched their eleventh consecutive monthly increase in September with a gain of 1.32%, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index has risen 7.57% so far in 2017 and has increased 9.60% for the 11 month period that began last November.
“Hedge funds recorded broad gains in September as global equity markets continued their rise,” says Sol Waksman, founder and president of BarclayHedge. “It has been something of a perfect storm for hedge funds the past few months as conditions have led to positive returns in nearly all sectors. Last month, 15 of 16 sub-indices rose.”
