Pivotal Point of View — September 2024

Published 15 October 2024 · Covers September 2024

Originally issued as October 2024.

Hedge funds continue to deliver. Since January 2020, the PivotalPath Composite Index has annualized returns of 7.8%, with a Sharpe Ratio of 1.64, while most importantly, generating alpha of ~6.4% per annum (with a beta of only 0.12).

+1.1%Composite, September

+8.2%Composite, year to date

+2.1%Composite, Q3

Event DrivenLeading strategy

Headline strategy indices

Strategy	September	Year to date
Event Driven	+1.4%	+8.0%
Equity Diversified	+1.3%	+10.9%
Credit	+1.2%	+8.0%
Multi-Strategy	+1.0%	+8.2%
Volatility Trading	+0.9%	+1.7%
Equity Sector	+0.8%	+11.9%
Global Macro	+0.8%	+3.6%
Equity Quant	+0.6%	+13.8%
Managed Futures	+0.5%	+2.6%

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.

← PreviousAugust 2024 Next →October 2024