Market uncertainty rocked all strategies in the Dow Jones Credit Suisse Core Hedge Fund Index last month, causing a total decline of 4.23 per cent.

The results bring the year-to-date performance of the index to down 7.84 per cent.

“Compared to the year-to-date drop of minus 15.36 per cent for the Dow Jones Global Index, hedge funds have provided some level of capital preservation to date this year, however, all strategies appear to be feeling the pain with market uncertainty at an all-time high,” Oliver Schupp, President of Credit Suisse Index, said in a statement.

September’s biggest loser in the range was the Event Driven strategy, which dropped 5.71 per cent from the previous month.

“In the Event Driven space, losses mainly stemmed from relatively concentrated long equity positions related to special situations, while Global Macro managers declined following sharp reversals in precious metals, such as gold which posted its worst monthly loss since 1983.