SAN FRANCISCO (MarketWatch) – Hedge-fund gains in September outpaced equity and bond markets, industry consultant Hennessee Group said on Monday.
The Hennessee Hedge Fund Index, which tracks the performance of more than 900 managers overseeing about half the capital in the industry, climbed 1.7% in September, the firm said in a statement.
That beat the performance of equity benchmarks such as the Standard & Poor’s 500 Index, which climbed 0.8%, and the Nasdaq Composite Index, which lost 0.02% in September, Hennessee added.
