This article appears courtesy of Institutional Investor
Source: Institutional Investor Daily-Hedge Funds
As 2005 enters the fourth quarter, it appears that several subindices of the big hedge fund indices are heading for a boffo finish. Overall, the S&P Hedge Index inched up just 0.97% for September and 2.42% for the year—which, at this rate will be hard pressed to reach the 7% to 9% that observers forecast. Still, the equity long/short index substrategy was up 1.96% in September and 6.15% for the year. Not bad. But the real star is the S&P Equity Long/Short Index—Global Ex-US, which shot up 2.86% last month and stands at 8.13% year to date. It gets better. Barclays/GHS Fund Index rose 2.32% for September, 7.94% year to date. But three of its subindices are already in double digits for the year so far—its emerging markets index (15.94%), European equities index (11.58%) and Pacific Rim Equities index (10.53%)—with three more doing well enough to hit at least 10% by year's end. The Van Global Hedge Fund Index also had a good month, up 1.5%, 6% year to date.