Hedge fund values rose 1.52% in September, according to data released Wednesday.

The CSFB/Tremont Hedge Fund Index rose last month despite the first down month for equity markets since February. The index was up 10.50% through Sept. 30.

Global macro funds rose 3.04% in September, but emerging markets funds retained the lead for the year, up 20.18%.

The CSFB/Tremont Hedge Fund Index comprised 442 funds on Sept. 1.

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