Apropos Goldman Sachs’ (GS) bullishness on emerging markets, here’s how various hedge fund strategies stacked up in September. Not surprisingly, ones focused on emergin markets absolutely killed it, gaining 4.48%. Not surprisingly, the only real loser for the month were short-biased funds. (via FT Alphaville)
Meanwhile, FT Alphaville also has this excellent chart of various hedge fund strategies relative performance (compared against each other — not movement on an absolute basis) going back a few years. It’s a bit blurry (apologies), but one thing you can make out very clearly is the huge drop in equity-oriented funds right around Lehman.