Hedge Funds Inch Up In August, Lyxor Says

Sep 9 2010 | 1:51am ET

Hedge funds were essentially flat in August, continuing a seriously uninspiring year of the asset class.

The Lyxor Hedge Fund Index added just 0.05% last month. It is up 0.84% on the year. By contrast, the Standard & Poor’s 500 Index fell 4.5% in August and is down 4.6% on the year.

Commodity-trading advisers enjoyed the strongest August, rising 3.86%. Convertible and volatility arbitrage funds returned an average of 1.95% and short-bias funds 1.25%.

Faced with falling stock markets, long-bias funds posted the worst performance in August, dropping 1.48%. Statistical arbitrage equity funds did only slightly less bad, losing 1.4% on the month.


In Depth

Q&A: George Schultze On His Fund's Unique Approach to Distressed Investing

Apr 16 2015 | 1:01am ET

George Schultze is a managing member of Schultze Asset Management, a long/short...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Minnesota Supreme Court Rejects The Ponzi Scheme Presumption: Lenders Claw Back Some Of Their Own Rights

Apr 17 2015 | 9:23am ET

A recent court ruling in Minnesota has put an end to the Ponzi Scheme Presumption...

 

Editor's Note