The third quarter was good for hedge fund performance, with figures posted in July and September representing two of the three strongest months for returns from hedge funds in 2013 so far.
Hedge funds posted net gains of 3.2% in the third quarter, taking the overall benchmark to 7.2% for the year, according to data from Preqin.
The return for the first nine months of 2013 is just short of the 7.4% hedge funds posted in the same period last year, indicating this year’s results could be set to match 2012’s.
“If Q4 can continue in the same vein as Q3, we would expect investors to continue to exhibit increased satisfaction and confidence with the performance of hedge funds as a whole,” says Amy Bensted, head of hedge fund products at Preqin. “This could lead to further growth in the industry as more assets flow into these funds.”
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