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00:02Global hedge funds struggled to deliver positive returns in September as rising bond yields,
00:06higher oil prices, and sharp swings in AI shares rattled markets, according to Reuters.
00:11Fundamental equity long-short funds lost an average of 0.55%,
00:15while systematic equity long-short funds gained 3.46% for their best month this year,
00:20according to Goldman Sachs. The Federal Reserve raised interest rates for the first time since
00:252023, while the Iran war pushed oil prices higher and U.S. Treasury yields to two-decade highs.
00:31Asian hedge funds also posted losses amid economic uncertainty. Trend-following funds
00:35were among the strongest performers, with gains driven largely by short fixed income
00:39and long energy positions. For all things money, visit Benzinga.com.
