Research

Hedge Fund Performance

Hedge funds largely protected investors from the equity market turmoil in September, with the Eurekahedge Hedge Fund Index declining 2.1% against a volatile market backdrop that saw the S&P 500 decline 9.3%. The Federal Reserve raised interest rates by 75bps to 3.25% in September and signaled their commitment to act aggressively to bring down inflation to the Fed’s 2% target — even if that leads to economic weakness. In the UK, the Bank of England intervened in Britain’s bond market after investors rebuffed the fiscal package of PM Liz Truss’s new government, sparking market turmoil that sent the sterling to an all-time low versus the US dollar.

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