Global macro hedge fund strategies and hybrid funds bucked the redemption trend, with respective net subscriptions of $100 million and $1.7 billion in September, according to administration firm Citco.
Equity and multi-strategy funds took the brunt of the outflows with over $9 billion in redemptions combined.
Equity strategies were one of the weakest performers with weighted average returns of -2.8%, while multi-strategy funds fared worse still at -5.6%. On the flip side, commodities have been one of the strongest performers recently, saw positive returns of 1.9%, with global macro . . .
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