A monthly hedge fund performance research report released on Wednesday by investment database and technology solutions firm eVestment indicates that the industry is moving on a positive track this year.
Entitled the September Hedge Fund Performance report, the data shows that the hedge fund industry is on pace to return 7.7% in 2013, slightly ahead of last year’s 7.2% increase. Hedge funds returned an average of 1.7% in September alone.
According to the data, September’s returns reflected the year-long trend of directional equity strategies outperforming the rest of the hedge fund industry. Long/short equity funds are expected to post their best year since 2009 if current returns continue through the rest of the year; on the flip side, managed futures posted a -.67% last month—the sole negative performance on an otherwise positive September.
Emerging markets, which include China, emerging Europe, Brazil, Africa/Middle East and India, all posted positive returns last month with India leading the pack with an average return of 9.52%. Comparatively, hedge funds in the listed emerging regions had positive returns in the third quarter of this year with the exception of India with -.91%.
Founded in 2000, Atlanta-based eVestment acquired hedge fund analysis provider Pertrac and cloud-based hedge fund technology provider Fundspire last year. It now offers one of the world’s largest traditional and alternative investment databases.