Before we dig into the numbers, we would like to take the opportunity to invite you to an upcoming webinar focusing on Emerging Markets. It is taking place on the 15th of October, but feel free to reserve your spot now: https://streamyard.com/watch/kqri8CR9yczR. For anyone looking to learn more about opportunities in Emerging Markets, this is the webinar for you.
The end of the quarter was generally a good month dominated by the FED’s decision to lower rates by 50bps and the ensuing unusually talkative governors that strongly walked back expectations that another 50bps should be expected for the post-election meeting. Across all the strategies that we monitor, most of them are positive for the year, while not all of them have managed to achieve the risk-free interest rate.
Equity Long/Short Strategies are likely in the lead with a result of 9% ytd. Fixed Income managers are enjoying a strong trading climate.
Our daily indices are pointing in the same direction for September: CTA: +1.8%, Equity Long Short 0.7%, Market Neutral: 0.5%, Event-Driven 0.2%, and Crypto Strategies +10%. A strong quarter for all strategies except CTAs and Crypto.
It should be mentioned that Equity Market Neutral strategies have been on a strong run since the summer of last year. The strategy has continuously printed modestly positive numbers in a remarkable fashion.
Please remember our webinar Unexpected Alpha: How select emerging market hedge funds have managed risk during times of monetary and geopolitical uncertainty.