Four of the six strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in September, and five of the six strategies ended the third quarter in positive territory for the year.<\/p>\n
Equity long\/short<\/strong>, the best performer of the month, rose 4.86% in September enabling the strategy to post the highest gain of 4.37% for the third quarter. With a return of 16.15%, the strategy is also currently the top performer for the year.<\/p>\n Merger arbitrage<\/strong> was the other strong performer in the third quarter. The strategy was up 4.04% during the quarter and is up 15.04% for the year.<\/p>\n Both event driven<\/strong> and convertible arbitrage<\/strong> gained more than 1% in September which helped wash-out the prior losses the strategies suffered in the third quarter. The strategies are still up for the year.<\/p>\n Both distressed securities<\/strong> and equity market neutral<\/strong> declined less than 1% in September but added to their prior third quarter losses. Though distressed securities<\/strong> suffered the biggest loss during the third quarter of 2007, the strategy is still up for the year. On the other hand, equity market neutral<\/strong> is down -0.38% for the year.<\/p>\n DJHFSB<\/strong> <\/p>\n<\/td>\n Net-of-fees Performance 2007<\/strong> <\/p>\n<\/td>\n<\/tr>\n \n<\/td>\n September<\/strong> <\/p>\n<\/td>\n 3Q<\/strong> <\/p>\n<\/td>\n 2Q<\/strong> <\/p>\n<\/td>\n 1Q<\/strong> <\/p>\n<\/td>\n YTD<\/strong> <\/p>\n<\/td>\n<\/tr>\n Convertible Arbitrage<\/strong> <\/p>\n<\/td>\n 1.05% <\/p>\n<\/td>\n 0.12% <\/p>\n<\/td>\n 0.50% <\/p>\n<\/td>\n 1.89% <\/p>\n<\/td>\n 2.53% <\/p>\n<\/td>\n<\/tr>\n Distressed Securities<\/strong> <\/p>\n<\/td>\n -0.23% <\/p>\n<\/td>\n -3.97% <\/p>\n<\/td>\n 2.36% <\/p>\n<\/td>\n 4.24% <\/p>\n<\/td>\n 2.46% <\/p>\n<\/td>\n<\/tr>\n Equity Long\/Short<\/strong> <\/p>\n<\/td>\n 4.86% <\/p>\n<\/td>\n 4.37% <\/p>\n<\/td>\n 6.94% <\/p>\n<\/td>\n 4.06% <\/p>\n<\/td>\n 16.15% <\/p>\n<\/td>\n<\/tr>\n Equity Market Neutral<\/strong> <\/p>\n<\/td>\n -0.63% <\/p>\n<\/td>\n -2.76% <\/p>\n<\/td>\n 1.18% <\/p>\n<\/td>\n 1.26% <\/p>\n<\/td>\n -0.38% <\/p>\n<\/td>\n<\/tr>\n Event Driven<\/strong> <\/p>\n<\/td>\n 1.56% <\/p>\n<\/td>\n -0.06% <\/p>\n<\/td>\n 3.52% <\/p>\n<\/td>\n 3.27% <\/p>\n<\/td>\n 6.84% <\/p>\n<\/td>\n<\/tr>\n Merger Arbitrage<\/strong> <\/p>\n<\/td>\n 0.37% <\/p>\n<\/td>\n 4.04% <\/p>\n<\/td>\n 3.89% <\/p>\n<\/td>\n 6.42% <\/p>\n<\/td>\n 15.04% <\/p>\n<\/td>\n<\/tr>\n \n<\/td>\n \n<\/td>\n \n<\/td>\n \n<\/td>\n \n<\/td>\n \n<\/td>\n<\/tr>\n Dow Jones Wilshire 5000<\/strong> <\/p>\n<\/td>\n 3.59% <\/p>\n<\/td>\n 1.46% <\/p>\n<\/td>\n 6.07% <\/p>\n<\/td>\n 1.40% <\/p>\n<\/td>\n 9.13% <\/p>\n<\/td>\n<\/tr>\n Dow Jones Wilshire Global Index<\/strong> <\/p>\n<\/td>\n 5.13% <\/p>\n<\/td>\n 2.96% <\/p>\n<\/td>\n 7.43% <\/p>\n<\/td>\n 2.94% <\/p>\n<\/td>\n 13.85% <\/p>\n<\/td>\n<\/tr>\n Dow Jones Corporate Bond Index<\/strong> <\/p>\n<\/td>\n 0.53% <\/p>\n<\/td>\n 1.88% <\/p>\n<\/td>\n -0.67% <\/p>\n<\/td>\n 1.62% <\/p>\n<\/td>\n 2.87% <\/p>\n<\/td>\n<\/tr>\n<\/table>\n On a float-adjusted basis, the Dow Jones Wilshire 5000<\/strong>, the only broad measure of the domestic equity market, gained 3.59% (3.61% on a full-cap basis) in August increasing its YTD return to 9.13% (9.09% on a full-cap basis).<\/p>\n The fixed income asset class, as measured by the Dow Jones Corporate Bond Index<\/strong>, was up 0.53% this month (2.96% over the third quarter of 2007) and its cumulative return is up 2.87% for the year.<\/p>\n Finally, the Dow Jones Wilshire Global Total Market Index<\/strong>, the broadest measure of global equity markets, gained 5.13% for the month increasing its YTD performance to 13.85% for 2007.<\/p>\n","protected":false},"excerpt":{"rendered":" Four of the six strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in September, and five of the six strategies ended the third quarter in positive territory for the year. Equity long\/short, the best performer of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-6631","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6631","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6631"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6631\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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