Preqin Quarterly Update: Hedge Funds, Q3 2014
Q3 2014 was the poorest quarter for hedge funds since Q2 2012 and saw Preqin’s All Hedge Funds benchmark negative for both July and September. Year-to-date returns have now fallen to 3.33%, which compares poorly to the return of 7.77% posted by the industry in the same period in 2013. Despite this, 109 hedge funds launched during Q3 2014, up 11% on Q2 2014. With the year-end just a couple of months away, both investors and fund managers alike will be paying attention to the returns of hedge funds and CTAs to see where the benchmark ends.