Morningstar Reports Hedge Fund Performance for September

Morningstar, Inc. MORN today reported preliminary hedge fund performance for September 2010 and asset flows through August. September closed out a profitable quarter for hedge funds. The Morningstar 1000 Hedge Fund Index rose 5.2% in September and 7.6% over the third quarter, while the currency-hedged Morningstar MSCI Composite Index climbed 2.8% for the month and 4.3% for quarter.