Investors pulled money from hedge funds as they continued to underperform in September. : Investors pulled money from hedge funds in September as the alternative money managers continued to underperform the broader equity market. An index of hedge fund performance from data provider Eurekahedge declined 0.30% in September, according to a report from the firm out Tuesday. That trailed global equity performance as measured by the MSCI ACWI index, which rose 2.04% during the month. For the year to date through September, the Eurekahedge Hedge Fund Index is up 5.70%.