Cogent Investment Research LLC, the operator of the free CogentHedge online alternative investment information and analysis resource for investment professionals worldwide
(www.cogenthedge.com), reports that as of the tenth business day of September 2005, and with over 2450 entities now reporting results for the month, the Cogent Dynamic Averages for the
major investment strategy classifications are as follows:
All Funds:
September: 1.851%
Year to date: 6.060%
Single-manager ex futures funds:
September: 2.089%
Year to date: 7.617%
All Single-manager funds:
September: 1.953%
Year to date: 6.753%
Arbitrage strategies:
September: 1.239%
Year to date: 3.307%
Event-driven strategies:
September: 0.906%
Year to date: 6.302%
Fixed income strategies:
September: 1.188%
Year to date: 4.375%
Long/short strategies:
September: 2.205%
Year to date: 8.529%
Macro strategies:
September: 2.839%
Year to date: 6.370%
Multi-fund strategies:
September: 1.525%
Year to date: 4.735%
Sector strategies:
September: 4.024%
Year to date: 15.477%
Trading strategies:
September: 1.116%
Year to date: 1.298%
Alternative investments overall are showing healthy performance gains. Only two investment strategies are still in negative territory for the year to date: Convertible Arbitrage (-1.239%)
and Credit Spread Arbitrage (-3.942%). All other investment strategies tracked by CogentHedge reported year to date results in the positive range. The top five strategies for the month
are as follows:
September 2005
% Gain
=========
Emerging Markets Equity
6.326%
Growth Strategies
3.590%
Options Strategies
3.559%
Industry/Sector Specialist L/S
3.544%
Index Arbitrage
3.317%
Current data can be found at http://www.cogenthedge.com/home/inv_strategy.asp.
For more information, come to www.cogenthedge.com.
The CogentHedge newsletter for the month of October with a discussion of the current trend in declining numbers of hedge funds can be downloaded via the link below.
http://www.cogenthedge.com/Newsletter/CH_Oct05/CogentHedge_Newsletter_October05.pdf
David Slavin
Managing Director
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Cogent Investment Research LLC
+1 609 945-0629
www.cogenthedge.com