Quarterly Commentary is a quarterly view of the equities, fixed income and hedge fund markets from our Family Management specialists.
Interest rates fell precipitously in the third quarter across all developed markets. The US 10- year treasury yield fell from 2.00% at the end of Q2 to a low of 1.45% in early September before closing the quarter at 1.66%. With equity markets largely stable,
Hedge Funds declined during the third quarter as the HFRI Fund-of-Funds Composite Index decreased by 1.1%. The sector underperformed during the quarter as global stocks experienced an uptick in volatility amid negative headlines in August regarding the U.S.-China trade war