Sweet September for hedge funds

RBCÆs hedge 250 index recorded a positive 1.87% return in September, following a negative 1.7% return for August. That brought the total aggregate return for that index to 6.66%.According to RBC, the most profitable hedge fund strategy during September was managed futures, recording a positive 4.38%.Futures and CTA managers had been bolstered by currency linked trades as the US Dollar depreciated against other currencies. This followed the 50 basis point cut by the Fed on September 1…