Final performance for the Dow Jones Credit Suisse Hedge Fund Index is confirmed up 3.43 per cent in September and 5.98 per cent year-to-date.

Nine out of ten sectors posted positive performance for the month.

Among the top performing sectors were long/short equity (+5.09 per cent) and emerging markets (+4.77 per cent), which benefited from long directional exposure to the global equity market rally in September.

The event driven sector finished up 3.20 per cent as managers continued to capitalise on increasing activity in the M&A and distressed debt space.

Dedicated short bias was the worst performing sector in September, down 11.28 per cent.