HFRI Global Hedge Fund Index down 6.90%.....

Hedge Funds News New York: The HFRI Global Hedge Fund Index returned an estimated -6.90% for September. Across the strategies Convertible Arbitrage Index was at -16.55%, followed by Relative Value Arbitrage Index at -9.37%, Equity Hedge Index at -8.59%, HFRX Event Driven Index at -7.37%.

Convertible Arbitrage was perhaps the strategy hardest hit by the SEC Emergency ban on short selling of financial stocks. “Basic convertible arbitrage strategies entail short-selling and many of the new convertible bonds issued in the United States in the past year have come from financial service companies whose stocks are now off limits for shorts,” commented Karan Sampson of Greenwich Associates commented in a recent report about the regulation.

As September performance numbers are finalized and sent out, the realities of fourth quarter redemptions grows. But just as some strategies are facing additional problems brought on by regulations other strategies are bat......................

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HFRI Global Hedge Fund Index down 6.90%.....