Hedge Funds Down 0.32 percent in September as CTAs and Macro Hedge Funds Struggle to Perform (Hedge Week) Hedge fund managers were down 0.32 per cent in September, dragging their year-to-date return to 5.67 per cent despite the recovering investor risk sentiment, which pushed the global equity market up 2.04 per cent over the month. The MSCI ACWI (Local) is still up 14.89 per cent as of September 2019 year-to-date. Roughly 50.6 per cent of the underlying constituents of the Eurekahedge Hedge Fund Index posted positive returns in September, and 25.9 per cent of the hedge fund managers in the database were able to maintain double-digit returns over the first three quarters of 2019.