Hedge Fund Monthly Update – September 2013 (UBS)

October 2013

KEYWORDS: alternative investment, Asian Hedge Funds, Australia, capital formation, commodities, credit hedge funds, CTA, DJ UBS Commodity Index, Emerging Markets, Equity markets, European Union, event driven, fixed income, global macro, gold, Hedge Fund Performance, Hedge Fund Research, hedged equity, Japan, Macro, managed futures, MSCI, prime broker, Prime Brokerage, securities lending



  • UBS

  • Hedge funds returned an average of +1.7% in September, compared to +5.0% for MSCI World.
  • Equity managers returned an average of +2.8% (YTD +11.2%), with notable gains from Consumer Discretionary, Europe and Japan.
  • CTAs continue to struggle with trend reversals, sustaining losses from short positions in fixed income and long positions in oil (CTAs 0.0% in Sept, -2.1% YTD).
  • Macro funds returned an average of -0.0%, hurt by their long USD bias (+2.2% YTD).
  • In our prime brokerage accounts, we are seeing far more appetite for directional risk by EMEA equity managers compared to their US peers.

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