Bloomberg – Hedge funds probably recorded their highest monthly return of the year in September, Credit Suisse Group AG said, as the benchmark gauge for U.S. equities posted its biggest rally for the month since World War II.
The Credit Suisse Liquid Alternative Beta Index, which tries to replicate hedge funds’ returns, climbed 3.6 percent last month amid an 8.8 percent surge in the Standard & Poor’s 500 Index. The gain was the largest since a 3.1 percent jump in July, when the S&P 500 rose 6.9 percent.
