Tuesday, 3 May 2016
Last updated 38 min ago
Sep 1 2010 | 11:33am ET
August was a boon for at least some hedge funds, even as the broader market swooned in the late-summer heat.
Quantitative hedge funds were up 4.57% in the first 30 days of the month, according to Hedge Fund Research’s HFRX Systematic Diversified Index. Macro funds did well, too, rising 1.01%, according to Dow Jones Newswires.
By contrast, the Standard & Poor’s 500 Index plummeted 4.51% in August. And HFRX’s broader Global Hedge Fund Index was essentially flat, dropping 0.06% through Aug. 30 to leave it, well, essentially flat year-to-date at 0.04%.